STOCK OPTIONS AND WARRANTS (Tables)
|
3 Months Ended |
Mar. 31, 2023 |
|---|
| ECONOMIC INJURY DISASTER LOAN |
|
| Scheule of Black-Scholes option pricing model |
Risk-free interest rate |
|
|
3.60 |
% |
Expected term (years) |
|
|
5.00 |
|
Expected volatility |
|
|
150.79 |
% |
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, 2022 |
|
|
874,058 |
|
|
$ |
7.53 |
|
|
|
3.9 |
|
|
$ |
559 |
|
Grants |
|
|
8,472 |
|
|
|
1.77 |
|
|
|
5.0 |
|
|
|
- |
|
Outstanding at March 31, 2023 |
|
|
882,530 |
|
|
$ |
7.48 |
|
|
|
3.7 |
|
|
$ |
13,244 |
|
Exercisable at March 31, 2023 |
|
|
876,488 |
|
|
$ |
7.49 |
|
|
|
3.7 |
|
|
$ |
13,244 |
|
|
| 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 |
|
|
375,555 |
|
|
|
3.3 |
|
|
|
375,555 |
|
|
|
3.3 |
|
2.51-5.00 |
|
|
62,808 |
|
|
|
2.4 |
|
|
|
62,808 |
|
|
|
2.4 |
|
5.01 and up |
|
|
444,167 |
|
|
|
4.1 |
|
|
|
438,125 |
|
|
|
4.2 |
|
|
|
|
882,530 |
|
|
|
3.7 |
|
|
|
876,488 |
|
|
|
3.7 |
|
|
| 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) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ |
4.53 |
|
|
|
676,447 |
|
|
|
2.6 |
|
|
$ |
4.53 |
|
|
|
676,447 |
|
|
|
2.6 |
|
|
|
|
|
|
676,447 |
|
|
|
2.6 |
|
|
$ |
4.53 |
|
|
|
676,447 |
|
|
|
2.6 |
|
|
| Schedule of warrant activity |
|
|
|
|
|
Weighted |
|
|
|
|
|
|
Average |
|
|
|
|
|
|
Exercise |
|
|
|
Number of |
|
|
Price Per |
|
|
|
Shares |
|
|
Share |
|
Outstanding at December 31, 2022 |
|
|
333,855 |
|
|
$ |
5.06 |
|
Grants |
|
|
342,592 |
|
|
|
4.00 |
|
Outstanding at March 31, 2023 |
|
|
676,447 |
|
|
$ |
4.53 |
|
Exercisable at March 31, 2023 |
|
|
676,447 |
|
|
$ |
4.53 |
|
|