Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS AND WARRANTS (Tables)

v3.22.2.2
STOCK OPTIONS AND WARRANTS (Tables)
9 Months Ended
Sep. 30, 2022
STOCK OPTIONS AND WARRANTS  
Scheule of Black-Scholes option pricing model

Risk-free interest rate

 

0.91% - 4.06%

 

Expected term (years)

 

3.00 - 5.00

 

Expected volatility

 

129.95%-140.30%

 

Expected dividends

 

 

0.00

 

Risk-free interest rate

 

 

2.94 %

Expected term (years)

 

 

3.00

 

Expected volatility

 

 

139.37 %

Expected dividends

 

 

0.00

 

Schedule of stock options activity

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

Weighted-

 

 

Average

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

 

 

Shares

 

 

Price

 

 

Term

 

 

Value

 

Outstanding at December 31, 2021

 

 

815,351

 

 

$ 7.85

 

 

 

4.9

 

 

$ 795,115

 

Expired

 

 

(350 )

 

 

1.60

 

 

 

-

 

 

 

-

 

Grants

 

 

43,100

 

 

 

3.85

 

 

 

4.0

 

 

 

-

 

Outstanding at September 30, 2022

 

 

858,101

 

 

$ 7.66

 

 

 

4.2

 

 

$ 13,649

 

Exercisable at September 30, 2022

 

 

848,559

 

 

$ 7.68

 

 

 

4.2

 

 

$ 13,649

 

Schedule of information regarding stock options

Options Outstanding

 

 

Options Exercisable

 

 

 

 

 

Weighted

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

Exercisable

 

 

Average

 

Exercise

 

Number of

 

 

Remaining Life

 

 

Number of

 

 

Remaining Life

 

Price

 

Options

 

 

In Years

 

 

Options

 

 

In Years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$ 0.01-2.50

 

 

351,126

 

 

 

3.7

 

 

 

351,126

 

 

 

3.7

 

2.51-5.00

 

 

62,808

 

 

 

2.9

 

 

 

61,808

 

 

 

2.9

 

5.01 and up

 

 

444,167

 

 

 

4.6

 

 

 

435,625

 

 

 

4.7

 

 

 

 

858,101

 

 

 

4.2

 

 

 

848,559

 

 

 

4.2

 

Schedule of changes in warrants outstanding and the related prices

Warrants Outstanding

 

 

Warrants Exercisable

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average

 

 

Weighted

 

 

 

 

Average

 

 

 

 

 

 

Remaining

 

 

Average

 

 

 

 

Remaining

 

Exercise

 

 

Number

 

 

Contractual

 

 

Exercise

 

 

Number

 

 

Contractual

 

Price

 

 

Outstanding

 

 

Life (Years)

 

 

Price

 

 

Exercisable

 

 

Life (Years)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

5.06

 

 

 

333,855

 

 

 

2.6

 

 

$ 5.06

 

 

 

333,855

 

 

 

2.6

 

 

 

 

 

 

333,855

 

 

 

2.6

 

 

$ 5.06

 

 

 

333,855

 

 

 

2.6

 

Schedule of warrant activity

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

 

 

Exercise

 

 

 

Number of

 

 

Price Per

 

 

 

Shares

 

 

Share

 

Outstanding at December 31, 2021

 

 

-

 

 

$ -

 

Grants

 

 

333,855

 

 

 

5.06

 

Outstanding at September 30, 2022

 

 

333,855

 

 

$ 5.06

 

Exercisable at September 30, 2022

 

 

333,855

 

 

$ 5.06