STOCK WARRANTS (Tables)
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6 Months Ended |
Jun. 30, 2023 |
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| Stock Warrants |
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| 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 |
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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 |
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Term |
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Value |
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| 9/12/2022 |
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33,150,000 |
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$ |
0.19 |
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|
$ |
0.19 |
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103.09 |
% |
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|
3.47 |
% |
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|
0.00 |
% |
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|
3.0 years |
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|
$ |
4,088,769 |
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| 11/01/2022 |
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100,000 |
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$ |
0.20 |
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$ |
0.20 |
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102.86 |
% |
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4.27 |
% |
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0.00 |
% |
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1.0 years |
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$ |
8,116 |
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| 11/03/2022 |
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5,000,000 |
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$ |
0.19 |
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$ |
0.19 |
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102.84 |
% |
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4.36 |
% |
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|
0.00 |
% |
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3.0 years |
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$ |
618,176 |
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| 12/29/2022 |
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285,714 |
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$ |
0.20 |
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$ |
0.01 |
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103.49 |
% |
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3.94 |
% |
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|
0.00 |
% |
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1.0 years |
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$ |
54,401 |
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| 03/03/2023 |
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|
114,286 |
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$ |
0.17 |
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$ |
0.01 |
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137.62 |
% |
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4.26 |
% |
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|
0.00 |
% |
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1.0 years |
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$ |
18,710 |
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| 06/01/2023 |
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150,000 |
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$ |
0.12 |
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$ |
0.19 |
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150.24 |
% |
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3.70 |
% |
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|
0.00 |
% |
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3.0 years |
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$ |
14,013 |
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| 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
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Shares available
to purchase
with warrants
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|
Weighted Average
Exercise Price
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Weighted-Average
Remaining Contractual
Term (in years)
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Aggregate
Intrinsic Value
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| Outstanding, December 31, 2021 |
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2,550,000 |
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|
$ |
1.03 |
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$ |
0.82 |
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$ |
- |
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| Issued |
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- |
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$ |
- |
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$ |
- |
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$ |
- |
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| Exercised |
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- |
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$ |
- |
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$ |
- |
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$ |
- |
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| Cancelled |
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- |
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$ |
- |
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$ |
- |
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$ |
- |
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| Expired |
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- |
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$ |
- |
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$ |
- |
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$ |
- |
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| Outstanding, June 30, 2022 |
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|
2,550,000 |
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|
$ |
1.03 |
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$ |
0.82 |
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|
$ |
- |
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| |
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| Outstanding, December 31, 2022 |
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|
41,085,714 |
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|
0.24 |
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|
4.64 |
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|
45,714 |
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| Issued |
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|
264,286 |
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|
$ |
0.11 |
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|
$ |
5.38 |
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|
$ |
12,571 |
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| Exercised |
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- |
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$ |
- |
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$ |
- |
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$ |
- |
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| Cancelled |
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- |
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$ |
- |
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$ |
- |
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$ |
- |
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| Expired |
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2,000,000 |
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$ |
1.05 |
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$ |
- |
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$ |
- |
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| Outstanding, June 30, 2023 |
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|
39,350,000 |
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|
$ |
0.20 |
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|
$ |
4.27 |
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$ |
44,000 |
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| |
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| Exercisable, June 30, 2023 |
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3,015,970 |
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$ |
0.19 |
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$ |
4.41 |
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$ |
44,000 |
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| 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 June 30, 2023:
SCHEDULE
OF EXERCISABLE WARRANTS
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Weighted- |
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Weighted- |
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Average |
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Average |
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| Range of |
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|
Outstanding |
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|
Remaining Life |
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|
Exercise |
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Number |
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| exercise prices |
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|
Warrants |
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|
In Years |
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|
Price |
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|
Exercisable |
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| $ |
1.00 |
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|
250,000 |
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|
1.25 |
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$ |
1.00 |
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|
218,750 |
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| |
0.90 |
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300,000 |
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|
2.25 |
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|
0.90 |
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|
175,000 |
|
| |
0.19 |
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38,300,000 |
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|
|
4.41 |
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|
0.19 |
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2,222,220 |
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| |
0.20 |
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|
100,000 |
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4.34 |
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|
0.20 |
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- |
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| |
0.01 |
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400,000 |
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|
|
4.55 |
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|
0.01 |
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|
400,000 |
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| |
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39,350,000 |
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|
|
4.37 |
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|
$ |
0.20 |
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|
3,015,970 |
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