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Equity
3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
EQUITY

7. Equity

Each share of common stock entitles the holder to one vote on all matters submitted to a vote of the Company’s stockholders. Common stockholders are not entitled to receive dividends, unless declared by the board of directors.

Common Stock Warrants

The following is a summary of the common stock warrant activity for the three months ended March 31, 2023 related to common stock warrants issued in conjunction with equity and debt fundraising events:

 

 

Number
of Common
Stock
Warrants

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Term
(in years)

 

 

Aggregate
Intrinsic
Value (in
thousands)

 

Outstanding at December 31, 2022

 

 

412,262

 

 

$

9.81

 

 

 

4.71

 

 

$

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2023

 

 

412,262

 

 

$

9.81

 

 

 

4.47

 

 

$