Note 5 - Warrants (Q1)

3 Months Ended

Mar. 31, 2021

5. Warrants

In connection with previous sales of the Company’s common stock and the issuance of debt instruments, warrants were issued which presently have exercise prices ranging from $2.03 to $8.75. The warrants expire between one and seven years from the date of grant, and are subject to the terms applicable in each agreement.

The following table summarizes the activity in our outstanding warrants since December 31, 2020:

	Number of Warrants			Weighted Average Exercise Price
December 31, 2020		371,340		$	7.28
Granted		150,000			8.75
Exercised		(119,361	)		2.03
Forfeited, Canceled		(102,460	)		20.40
March 31, 2021		299,519		$	5.62