XML 78 R67.htm IDEA: XBRL DOCUMENT v3.22.2
EQUITY (Tables)
3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Schedule of Stock by Class
Gross proceeds from and cash fees related to the issuance of shares of the Company's common stock pursuant to registered equity issuance and exempt private placement agreements, are presented below for the years ended December 31, 2021 and 2020:
12/31/2112/31/20
Number of shares sold9,220,123 5,747,608 
Gross proceeds$27,399,999 $4,197,621 
Cash fees(1,064,498)(130,070)
Net proceeds$26,335,501 $4,067,551 
Average gross proceeds per share$2.97 $0.73 
Issuance of Unregistered Shares of Common Stock
Issuance of restricted shares of our common stock in connection with acquisitions, investments and other endeavors for the year ended December 31, 2021 are as follows:
Issuance DateAcquisition/InvestmentCommon Shares IssuedRestriction Period
February 16, 2021LINICO Corporation3,000,000B
June 18, 2021Renewable Process Solutions, Inc.1,000,000A
June 24, 2021Quantum Generative Materials LLC3,000,000B
July 23, 2021MANA Corporation4,200,000A
July 23, 2021LP Biosciences LLC3,500,000C
August 27, 2021Northern Comstock LLC163,156B
September 7, 2021Plain Sight Innovations Corporation8,500,000A
December 30, 2021LINICO Corporation3,500,000D
Total common shares issued26,863,156 
(A)
28% six months from issuance date; additional 8% becomes unrestricted semi-annually through 5 years from issuance date.
(B)
Six months from issuance date.
(C)
Six months from issuance date. On December 31, 2021, we filed a prospectus on Form S-3 with the Securities and Exchange Commission to register the 3,500,000 shares of common stock issued to LPB for resale at a proposed maximum offering price per unit of $2.71. Effective February 28, 2022, these shares were transferred back to the Company for cancellation upon receipt (See Note 22, Subsequent Events).
(D)
Nine months from issuance date. Shares must be sold during the six-month period commencing nine months from the issuance date and ending 15 months from the issuance date pursuant to a Rule 10b5-1 plan.