Annual report pursuant to Section 13 and 15(d)

STOCK OPTIONS AND WARRANTS (Tables)

v3.23.1
STOCK OPTIONS AND WARRANTS (Tables)
12 Months Ended
Dec. 31, 2022
ECONOMIC INJURY DISASTER LOAN  
Scheule of Black-Scholes option pricing model options

Risk-free interest rate

 

0.91%-4.06

Expected term (years)

 

3.00 – 5.00

 

Expected volatility

 

129.95%-148.85

Expected dividends

 

 

0.00

 

Schedule of stock options activity

 

 

Shares

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-

Average

Remaining

Contractual

Term

 

 

Aggregate

Intrinsic

Value

 

Outstanding at January 1, 2021

 

 

828,631

 

 

$ 7.84

 

 

 

5.8

 

 

$ -

 

Expired

 

 

(13,280 )

 

 

7.15

 

 

 

-

 

 

 

-

 

Outstanding at December 31, 2021

 

 

815,351

 

 

$ 7.85

 

 

 

4.9

 

 

$ 795,115

 

Expired

 

 

(350 )

 

 

1.60

 

 

 

-

 

 

 

-

 

Grants

 

 

59,057

 

 

 

3.07

 

 

 

4.1

 

 

 

-

 

Outstanding at December 31, 2022

 

 

874,058

 

 

 

7.53

 

 

 

3.9

 

 

 

559

 

Exercisable at December 31, 2022

 

 

866,766

 

 

$ 7.55

 

 

 

3.9

 

 

$ 559

 

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

 

 

367,083

 

 

 

3.6

 

 

 

367,083

 

 

 

3.6

 

 

2.51-5.00

 

 

62,808

 

 

 

2.6

 

 

 

62,808

 

 

 

2.6

 

 

5.01 and up

 

 

444,167

 

 

 

4.4

 

 

 

436,875

 

 

 

4.4

 

 

 

 

 

874,058

 

 

 

3.9

 

 

 

866,766

 

 

 

3.9

 

Schedule of assumptions in warrants under black scholes option pricing model

Risk-free interest rate

 

 

2.94 %

Expected term (years)

 

 

3.00

 

Expected volatility

 

 

139.37 %

Expected dividends

 

 

0.00

 

Schedule of changes in warrants outstanding and the related party

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

 

 

 

2.4

 

 

$ 5.06

 

 

 

333,855

 

 

 

2.4

 

 

 

 

 

 

333,855

 

 

 

2.4

 

 

$ 5.06

 

 

 

333,855

 

 

 

2.4

 

Summary of warrant activity

 

 

Number of

Shares

 

 

Weighted

Average

Exercise

Price Per

Share

 

Outstanding at January 1, 2021

 

 

72,500

 

 

$ 89.00

 

Issued

 

 

-

 

 

 

-

 

Exercised (1)

 

 

10,000

 

 

 

20.00

 

Expired

 

 

(62,500 )

 

 

100.00

 

Outstanding at December 31, 2021

 

 

-

 

 

$ -

 

Issued

 

 

333,855

 

 

 

5.06

 

Outstanding at December 31, 2022

 

 

333,855

 

 

$ 5.06