STOCK WARRANTS (Tables)
|
3 Months Ended |
Mar. 31, 2023 |
|---|
| Stock Warrants |
|
| FAIR VALUE MEASUREMENT INPUTS AND VALUATION TECHNIQUES |
FAIR VALUE
MEASUREMENT INPUTS AND VALUATION TECHNIQUES
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk- |
|
|
|
|
|
|
|
|
|
| |
|
Number of |
|
|
|
|
|
|
|
|
|
|
|
free |
|
|
|
|
|
|
|
|
|
| |
|
Stock |
|
|
Stock |
|
|
Strike |
|
|
Expected |
|
|
Interest |
|
|
Dividend |
|
|
Expected |
|
Fair |
|
| Date |
|
Warrants |
|
|
Price |
|
|
Price |
|
|
Volatility |
|
|
Rate |
|
|
Rate |
|
|
Term |
|
Value |
|
| 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 |
|
| 03/03/2023 |
|
|
114,286 |
|
|
$ |
0.01 |
|
|
$ |
0.01 |
|
|
|
137.62 |
% |
|
|
4.26 |
% |
|
|
0.00 |
% |
|
1.0 years |
|
$ |
18,710 |
|
|
| 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 |
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Exercised |
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Cancelled |
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Expired |
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Outstanding, March 31, 2022 |
|
|
2,550,000 |
|
|
$ |
1.03 |
|
|
$ |
0.82 |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding, December 31, 2022 |
|
|
41,085,714 |
|
|
|
0.24 |
|
|
|
4.64 |
|
|
|
45,714 |
|
| Issued |
|
|
114,286 |
|
|
$ |
0.01 |
|
|
$ |
4.93 |
|
|
$ |
52,000 |
|
| Exercised |
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Cancelled |
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Expired |
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Outstanding, March 31, 2023 |
|
|
41,200,000 |
|
|
$ |
0.19 |
|
|
$ |
4.65 |
|
|
$ |
52,000 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable, March 31, 2023 |
|
|
4,681,943 |
|
|
$ |
0.24 |
|
|
$ |
4.40 |
|
|
$ |
52,000 |
|
|
| 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 March 31, 2023:
SCHEDULE
OF EXERCISABLE WARRANTS
| |
|
|
|
|
|
Weighted- |
|
|
Weighted- |
|
|
|
|
| |
|
|
|
|
|
Average |
|
|
Average |
|
|
|
|
| Range of |
|
|
Outstanding |
|
|
Remaining Life |
|
|
Exercise |
|
|
Number |
|
| exercise prices |
|
|
Warrants |
|
|
In Years |
|
|
Price |
|
|
Exercisable |
|
| $ |
1.05 |
|
|
|
2,000,000 |
|
|
|
0.17 |
|
|
$ |
1.05 |
|
|
|
2,000,000 |
|
| |
1.00 |
|
|
|
250,000 |
|
|
|
1.50 |
|
|
|
1.00 |
|
|
|
187,500 |
|
| |
0.90 |
|
|
|
300,000 |
|
|
|
2.50 |
|
|
|
0.90 |
|
|
|
150,000 |
|
| |
0.19 |
|
|
|
38,150,000 |
|
|
|
4.65 |
|
|
|
0.19 |
|
|
|
1,944,443 |
|
| |
0.20 |
|
|
|
100,000 |
|
|
|
4.59 |
|
|
|
0.20 |
|
|
|
- |
|
| |
0.01 |
|
|
|
400,000 |
|
|
|
4.80 |
|
|
|
0.01 |
|
|
|
400,000 |
|
| |
|
|
|
|
41,200,000 |
|
|
|
4.40 |
|
|
$ |
0.24 |
|
|
|
4,681,943 |
|
|