Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS AND WARRANTS (Tables)

STOCK OPTIONS AND WARRANTS (Tables)

3 Months Ended

Mar. 31, 2022

STOCK OPTIONS AND WARRANTS

Scheule of Black-Scholes option pricing model

Risk-free interest rate		0.91% - 2.42		%
Expected term (years)		3.00 - 5.00
Expected volatility		130.15% - 140.30		%
Expected dividends			0.00

Schedule of stock options

										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
Grants			16,727				3.89				4.7				-
Outstanding at March 31, 2022			832,078			$	7.77				4.7			$	514,706
Exercisable at March 31, 2022			831,138			$	7.78				4.7			$	514,706

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			337,850				4.2				337,850				4.2
	2.51-5.00			60,061				3.4				59,121				3.4
	5.01 and up			434,167				5.2				434,167				5.2
				832,078				4.7				831,138				4.7