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WARRANT AGREEMENTS (Tables)
12 Months Ended
Dec. 31, 2021
WARRANT AGREEMENTS  
Schedule of change in warrant

 

 

Warrants

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Contractual Remaining

Life

 

Outstanding, December 31, 2019

 

 

14,666,518

 

 

$3.70

 

 

 

2.99

 

Granted

 

 

303,030

 

 

 

1.32

 

 

 

1.86

 

Exercised

 

 

(771,318 )

 

 

1.92

 

 

 

-

 

Forfeited/Expired

 

 

(11,718,381 )

 

 

5.01

 

 

 

-

 

Outstanding, December 31, 2020

 

 

2,479,849

 

 

$1.86

 

 

 

1.23

 

Granted

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

(96,250 )

 

 

1.00

 

 

 

-

 

Forfeited/Expired

 

 

(818,152 )

 

 

1.58

 

 

 

-

 

Outstanding, December 31, 2021

 

 

1,565,447

 

 

$2.18

 

 

 

0.66

 

Exercisable at December 31, 2021

 

 

1,565,447

 

 

$2.18

 

 

 

0.66

 

Schedule of warrant summary

Range of

Exercise Price

 

Number of Warrants

 

 

Weighted

Average

Remaining Contractual

Life (years)

 

 

Weighted

Average

Exercise

Price

 

 

Number of Warrants

Exercisable

 

 

Weighted

Average

Exercise

Price

 

$ 1.98–$2.31

 

 

1,565,447

 

 

 

0.66

 

 

$2.18

 

 

 

1,565,447

 

 

$2.18

 

 

 

 

1,565,447

 

 

 

0.66

 

 

$2.18

 

 

 

1,565,447

 

 

$2.18

 

Range of

Exercise Price

 

Number of

Warrants

 

 

Weighted

Average

Remaining Contractual

Life (years)

 

 

Weighted

Average

Exercise

Price

 

 

Number of Warrants

Exercisable

 

 

Weighted

Average

Exercise

Price

 

$ 1.00–$6.00

 

 

2,479,849

 

 

 

1.23

 

 

$1.86

 

 

 

2,479,849

 

 

$1.86

 

 

 

 

2,479,849

 

 

 

1.23

 

 

$1.86

 

 

 

2,479,849

 

 

$1.86

 

Schedule of fair value of warrant valuation assumptions

 

 

December 31,

2021

 

 

December 31,

2020

 

Significant assumptions (weighted-average):

 

 

 

 

 

 

Risk-free interest rate at grant date

 

 

0%

 

 

0.36%

Expected stock price volatility

 

 

0%

 

 

81.14%

Expected dividend payout

 

 

-

 

 

 

-

 

Expected warrant life (in years)

 

 

-

 

 

 

3

 

Expected forfeiture rate

 

 

0%

 

 

0%