Quarterly report pursuant to Section 13 or 15(d)

STOCK WARRANTS (Tables)

v3.24.2.u1
STOCK WARRANTS (Tables)
6 Months Ended
Jun. 30, 2024
Stock Warrants  
FAIR VALUE MEASUREMENT INPUTS AND VALUATION TECHNIQUES

 

Date   Number of Stock Warrants     Stock Price     Strike Price     Expected Volatility     Interest Rate     Warrants and Rights Outstanding, Measurement Input     Expected Term     Fair Value  
    Number of                                   Expected        
    Stock     Stock     Strike     Expected     Interest     Dividend     Term     Fair  
Date   Warrants     Price     Price     Volatility     Rate     Rate     (years)     Value  
9/12/2022     33,150,000     $ 0.19     $ 0.19       103.09 %     3.47 %     0.00 %     3.0     $ 4,088,769  
11/1/2022     100,000     $ 0.20     $ 0.20       102.86 %     4.27 %     0.00 %     1.0     $ 8,116  
11/3/2022     5,000,000     $ 0.19     $ 0.19       102.84 %     4.36 %     0.00 %     3.0     $ 618,176  
12/29/2022     285,714     $ 0.20     $ 0.01       103.49 %     3.94 %     0.00 %     1.0     $ 54,401  
3/3/2023     114,286     $ 0.17     $ 0.01       137.62 %     4.26 %     0.00 %     1.0     $ 18,710  
6/1/2023     150,000     $ 0.12     $ 0.19       150.24 %     3.70 %     0.00 %     3.0     $ 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:

 

    Shares available to purchase     Weighted Average     Weighted Average Remaining Contractual     Aggregate  
    with warrants     Exercise Price     Term (in years)     Intrinsic Value  
Outstanding, December 31, 2023     39,350,000     $ 0.20       3.87     $ 61,600  
Issued     -       -       -       -  
Exercised     -       -       -       -  
Cancelled     -       -       -       -  
Expired     -       -       -       -  
Outstanding, June 30, 2024     39,350,000     $ 0.20       3.37     $ 36,000  
                                 
Exercisable, June 30, 2024     23,599,983     $ 0.20       3.37     $ 36,000  
                                 
Outstanding, December 31, 2022     41,085,714     $ 0.24       4.64     $ 45,714  
Issued     264,286       0.11       5.38       12,571  
Exercised     -       -       -       -  
Cancelled     -       -       -       -  
Expired     (2,000,000 )     1.05       -       -  
Outstanding, June 30, 2023     39,350,000     $ 0.20       4.27     $ 44,000  
                                 
Exercisable, June 30, 2023     3,015,970     $ 0.19       4.41     $ 44,000  
SCHEDULE OF EXERCISABLE WARRANTS

The following table summarizes information about stock warrants to purchase shares of the Company’s Class A common stock outstanding and exercisable as of June 30, 2024:

 

            Weighted-     Weighted-        
            Average     Average        
Range of     Outstanding     Remaining Life     Exercise     Number  
exercise prices     Warrants     In Years     Price     Exercisable  
$ 1.00       250,000       0.25     $ 1.00       250,000  
$ 0.90       300,000       1.25     $ 0.90       275,000  
$ 0.19       38,300,000       3.40     $ 0.19       22,574,983  
$ 0.20       100,000       3.34     $ 0.20       100,000  
$ 0.01       400,000       3.55     $ 0.01       400,000  
                                     
          39,350,000       3.37     $ 0.20       23,599,983