STOCK WARRANTS (Tables)
|
12 Months Ended |
Dec. 31, 2022 |
|---|
| Stock Warrants |
|
| FAIR VALUE MEASUREMENT INPUTS AND VALUATION TECHNIQUES |
FAIR VALUE
MEASUREMENT INPUTS AND VALUATION TECHNIQUES
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Risk- |
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Number of |
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free |
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Stock |
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Stock |
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Strike |
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Expected |
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Interest |
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Dividend |
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Expected |
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Fair |
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| Date |
|
Warrants |
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|
Price |
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|
Price |
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|
Volatility |
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|
Rate |
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|
Rate |
|
|
Term |
|
Value |
|
| 10/20/2021 |
|
|
250,000 |
|
|
$ |
1,00 |
|
|
$ |
1,00 |
|
|
|
75.00 |
% |
|
|
0.77 |
% |
|
|
0.00 |
% |
|
1.0 years |
|
$ |
63,000 |
|
| 10/21/2021 |
|
|
300,000 |
|
|
$ |
0.90 |
|
|
$ |
0.90 |
|
|
|
75.00 |
% |
|
|
0.77 |
% |
|
|
0.00 |
% |
|
1.0 years |
|
$ |
93,917 |
|
| 9/12/2022 |
|
|
33,150,000 |
|
|
$ |
0.19 |
|
|
$ |
0.19 |
|
|
|
103.09 |
% |
|
|
3.47 |
% |
|
|
0.00 |
% |
|
3.0 years |
|
$ |
4,088,769 |
|
| 11/01/2022 |
|
|
100,000 |
|
|
$ |
0.20 |
|
|
$ |
0.20 |
|
|
|
102.86 |
% |
|
|
4.27 |
% |
|
|
0.00 |
% |
|
1.0 years |
|
$ |
8,116 |
|
| 11/03/2022 |
|
|
5,000,000 |
|
|
$ |
0.19 |
|
|
$ |
0.19 |
|
|
|
102.84 |
% |
|
|
4.36 |
% |
|
|
0.00 |
% |
|
3.0 years |
|
$ |
618,176 |
|
| 12/29/2022 |
|
|
285,714 |
|
|
$ |
0.20 |
|
|
$ |
0.01 |
|
|
|
103.49 |
% |
|
|
3.94 |
% |
|
|
0.00 |
% |
|
1.0 years |
|
$ |
54,401 |
|
|
| SCHEDULE OF OUTSTANDING STOCK WARRANTS AND CHANGES |
A
summary of the status of the Company’s outstanding stock warrants and changes during the periods is presented below:
SCHEDULE OF OUTSTANDING
STOCK WARRANTS AND CHANGES
| |
|
Shares
available to purchase with warrants |
|
|
Weighted
Average Exercise Price |
|
|
Weighted-Average Remaining Contractual Term
(in years)
|
|
|
Aggregate
Intrinsic Value |
|
| Outstanding, December 31, 2020 |
|
|
2,000,000 |
|
|
$ |
1.05 |
|
|
$ |
0.41
|
|
|
$ |
- |
|
| Issued |
|
|
550,000 |
|
|
$ |
0.95 |
|
|
$ |
2.30 |
|
|
$ |
- |
|
| Exercised |
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Cancelled |
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Expired |
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Outstanding, December 31, 2021 |
|
|
2,550,000 |
|
|
$ |
1.03 |
|
|
$ |
0.82 |
|
|
$ |
- |
|
| Issued |
|
|
38,535,714 |
|
|
$ |
0.19 |
|
|
$ |
4.90 |
|
|
$ |
45,714 |
|
| Exercised |
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Cancelled |
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Expired |
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Outstanding, December 31, 2022 |
|
|
41,085,714 |
|
|
$ |
0.24 |
|
|
$ |
4.64 |
|
|
$ |
45,714 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Exercisable, December 31, 2022 |
|
|
4,233,630 |
|
|
$ |
0.63 |
|
|
$ |
3.04 |
|
|
$ |
45,714 |
|
|
| SCHEDULE OF EXERCISABLE WARRANTS |
The
following table summarizes information about stock warrants to purchase shares of the Company’s common stock outstanding and exercisable
as of December 31, 2022:
SCHEDULE
OF EXERCISABLE WARRANTS
| |
|
|
|
|
|
Weighted- |
|
|
Weighted- |
|
|
|
|
| |
|
|
|
|
|
Average |
|
|
Average |
|
|
|
|
| Range of |
|
|
Outstanding |
|
|
Remaining
Life |
|
|
Exercise |
|
|
Number |
|
| exercise
prices |
|
|
Warrants |
|
|
In
Years |
|
|
Price |
|
|
Exercisable |
|
| $ |
1.05 |
|
|
|
2,000,000 |
|
|
|
0.41 |
|
|
$ |
1.05 |
|
|
|
2,000,000 |
|
| |
1.00 |
|
|
|
250,000 |
|
|
|
1.75 |
|
|
|
1.00 |
|
|
|
156,250 |
|
| |
0.90 |
|
|
|
300,000 |
|
|
|
2.75 |
|
|
|
0.90 |
|
|
|
125,000 |
|
| |
0.19 |
|
|
|
38,150,000 |
|
|
|
4.90 |
|
|
|
0.19 |
|
|
|
1,666,666 |
|
| |
0.20 |
|
|
|
100,000 |
|
|
|
4.84 |
|
|
|
0.20 |
|
|
|
- |
|
| |
0.01 |
|
|
|
285,714 |
|
|
|
5.00 |
|
|
|
0.01 |
|
|
|
285,714 |
|
| |
|
|
|
|
41,085,714 |
|
|
|
4.64 |
|
|
$ |
0.24 |
|
|
|
4,233,630 |
|
|