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Warrants
 6 Months Ended
Jun. 30, 2022
Warrants and Rights Note Disclosure [Abstract]  
Warrants

12. Warrants

The Company’s warrant activity is summarized as follows:

 

 

Common Stock Warrants

 

 

 

Number of
Shares

 

 

Weighted
Average
Exercise
Price

 

Outstanding at December 31, 2021

 

 

33,948

 

 

$

14.00

 

Warrants granted

 

 

107,373

 

 

 

13.97

 

Warrants expired

 

 

(5,450

)

 

 

14.00

 

Outstanding at June 30, 2022

 

 

135,871

 

 

$

13.98

 

 

In connection with its financing arrangement described in Note 9 “Debt,” on February 18, 2022, the Company granted warrants to SLR to purchase 107,373 shares of common stock. The warrants have an exercise price of $13.97 per share, were fully vested upon issuance, are exercisable at the option of the holder, in whole or in part, and expire in February 2032