STOCK WARRANTS (Tables)
|
12 Months Ended |
Dec. 31, 2023 |
|---|
| Stock Warrants |
|
| FAIR VALUE MEASUREMENT INPUTS AND VALUATION TECHNIQUES |
FAIR VALUE
MEASUREMENT INPUTS AND VALUATION TECHNIQUES
| |
|
Number of Stock Warrants |
|
|
Stock Price |
|
|
Strike Price |
|
|
Expected Volatility |
|
|
Risk-
free
Interest Rate
|
|
|
Warrants and Rights Outstanding, Measurement Input |
|
|
Expected Term |
|
Fair Value |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk- |
|
|
|
|
|
|
|
|
|
| |
|
Number of |
|
|
|
|
|
|
|
|
|
|
|
free |
|
|
|
|
|
|
|
|
|
| |
|
Stock |
|
|
Stock |
|
|
Strike |
|
|
Expected |
|
|
Interest |
|
|
Dividend |
|
|
Expected |
|
Fair |
|
| Date |
|
Warrants |
|
|
Price |
|
|
Price |
|
|
Volatility |
|
|
Rate |
|
|
Rate |
|
|
Term |
|
Value |
|
| 09/12/2022 |
|
|
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 year |
|
$ |
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 year |
|
$ |
54,401 |
|
| 03/03/2023 |
|
|
114,286 |
|
|
$ |
0.17 |
|
|
$ |
0.01 |
|
|
|
137.62 |
% |
|
|
4.26 |
% |
|
|
0.00 |
% |
|
1.0 year |
|
$ |
18,710 |
|
| 06/01/2023 |
|
|
150,000 |
|
|
$ |
0.12 |
|
|
$ |
0.19 |
|
|
|
150.24 |
% |
|
|
3.70 |
% |
|
|
0.00 |
% |
|
3.0 years |
|
$ |
14,013 |
|
|
| 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, 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 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding, December 31, 2022 |
|
|
41,085,714 |
|
|
|
0.24 |
|
|
|
4.64 |
|
|
|
45,714 |
|
| Issued |
|
|
264,286 |
|
|
$ |
0.11 |
|
|
$ |
4.88 |
|
|
$ |
15,886 |
|
| Exercised |
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Cancelled |
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Expired |
|
|
2,000,000 |
|
|
$ |
1.05 |
|
|
$ |
- |
|
|
$ |
- |
|
| Outstanding, December 31, 2023 |
|
|
39,350,000 |
|
|
$ |
0.20 |
|
|
$ |
3.87 |
|
|
$ |
61,600 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable, December 31, 2023 |
|
|
17,461,103 |
|
|
$ |
0.21 |
|
|
$ |
3.87 |
|
|
$ |
61,600 |
|
|
| 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, 2023:
SCHEDULE
OF EXERCISABLE WARRANTS
| |
|
|
|
|
|
Weighted- |
|
|
Weighted- |
|
|
|
|
| |
|
|
|
|
|
Average |
|
|
Average |
|
|
|
|
| Range of |
|
|
Outstanding |
|
|
Remaining Life |
|
|
Exercise |
|
|
Number |
|
| exercise prices |
|
|
Warrants |
|
|
In Years |
|
|
Price |
|
|
Exercisable |
|
| $ |
1.00 |
|
|
|
250,000 |
|
|
|
0.75 |
|
|
$ |
1.00 |
|
|
|
250,000 |
|
| |
0.90 |
|
|
|
300,000 |
|
|
|
1.75 |
|
|
|
0.90 |
|
|
|
225,000 |
|
| |
0.19 |
|
|
|
38,300,000 |
|
|
|
3.90 |
|
|
|
0.19 |
|
|
|
16,486,103 |
|
| |
0.20 |
|
|
|
100,000 |
|
|
|
3.84 |
|
|
|
0.20 |
|
|
|
100,000 |
|
| |
0.01 |
|
|
|
400,000 |
|
|
|
4.05 |
|
|
|
0.01 |
|
|
|
400,000 |
|
| |
|
|
|
|
39,350,000 |
|
|
|
3.87 |
|
|
$ |
0.20 |
|
|
|
17,461,103 |
|
|