Common Stock Warrants

6 Months Ended

Jun. 30, 2024

Common Stock Warrants

Common Stock Warrants

5. Common Stock Warrants

A summary of warrant activity for the six months ended June 30, 2024 is presented below:

Subject to Exercise	Number of Warrants			Weighted Average Exercise Price		Weighted Average Life (Years)
Outstanding as of December 31, 2023		197,844		$	127.86		4.95
Granted – 2024		1,490,377			1.44		5.00
Forfeited/Expired – 2024		-			-		-
Exercised – 2024		(662,251	)		0.001		4.68
Outstanding as of June 30, 2024		1,025,970		$	26.65		4.64

As of June 30, 2024, the Company had outstanding exercisable, but unexercised Common Stock Warrants as follows:

Date Issued	Exercise Price		Number of Warrants		Expiration date
October 2021	$	1,512.00		7,620	October 13, 2026
October 2022	$	388.80		18,058	October 12, 2027
October 2022	$	324.00		18,846	October 12, 2027
October 2022	$	0.00		2,393	October 12, 2027
November 2023	$	6.40		8,543	November 16, 2028
November 2023	$	4.16		142,384	May 21, 2029
March 2024	$	2.43		781,251	March 6, 2029
March 2024	$	3.20		46,875	March 6, 2029
Total outstanding warrants at June 30, 2024				1,025,970

Based on a fair market value of $1.22 per share on June 30, 2024, there 2,393 exercisable but unexercised in-the-money common stock warrants on that date. Accordingly, the intrinsic value attributed to exercisable but unexercised common stock warrants at June 30, 2024 was $2,919.

Please see Note 8 Subsequent Events for disclose of a warrant inducement entered into on August 1, 2024.