WARRANTS

6 Months Ended

Jun. 30, 2021

WARRANTS

NOTE 14. WARRANTS

NOTE 14 – WARRANTS

The following table summarizes warrant activity for the six months ended June 30, 2021:

	Warrants		Weighted-Average Exercise Price
Warrants Outstanding as of January 1, 2021		1,076,555	$	1.99
Warrants Granted		39,945,055	$	0.09
Warrants Outstanding as of June 30, 2021		41,021,610	$	0.14

The Company estimated the fair value of the warrants issued in 2021 utilizing the Black-Scholes option-pricing model with the following weighted-average inputs:

	June 30,
	2021
Expected term (years)	2.5 Years
Volatility		115.20	%
Risk-free interest rate		0.09	%
Dividend yield		0	%

There was no activity related to warrants during the three months ended June 30, 2021.