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EQUITY (Tables)
9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
SCHEDULE OF NET FUNDS RECEIVED ON OFFERING AND WARRANTS EXERCISED

The following table presents net funds received from the May’s Offering and warrants exercised as of September 30, 2021.

   Shares   Par value   Amount received 
Offering   4,700,637   $4,701   $29,145,056 
Exercise of Pre-Funded Units   1,611,000   $1,611   $16,110 
Exercise of Underwriter’s Series A Warrants   808,363   $808   $3,755,774 
Exercise of Series A and Series B Warrants   1,367,324   $1,367   $6,937,347 
Offering Expenses   -   $-   $(88,848)
Total   8,487,324   $8,487   $39,765,439 
   Shares   Par value   Amount received 
Offering   5,324,139   $5,324   $28,957,297 
Exercise of Pre-Funded Units   9,770,200   $9,770   $97,702 
Exercise of Underwriter’s Over-Allotment Option   2,264,150   $2,264   $4,386,998 
Offering Expenses   -   $-   $(49,553)
Total   17,358,489   $17,358   $33,392,444 
 
SCHEDULE OF WARRANT ACTIVITY

The following table summarizes the warrant activity for the nine months ended September 30, 2021.

 

   Warrant for
Common
Shares
   Weighted
Average
Exercise Price
   Remaining Contractual
Term
(Years)
 
  Aggregate
Intrinsic
Value
 
Warrants Outstanding as of December 31, 2020   108,000   $9.80    2.91   $- 
Warrants Vested and exercisable at December 31, 2020   108,000   $9.80    2.91   $- 
Granted   24,530,955    2.49           
Exercised   (11,949,186)   0.93           
Forfeited, cancelled, expired   -    -           
Warrants Outstanding as of September 30, 2021   12,689,769   $4.02    4.48   $- 
Warrants Vested and exercisable at September 30, 2021   12,689,769   $4.02    4.48   $-