Annual report pursuant to Section 13 and 15(d)

WARRANTS (Tables)

v3.21.1
WARRANTS (Tables)
12 Months Ended
Dec. 31, 2020
WARRANTS  
Schedule of Warrants outstanding

 

 

Shares

 

 

Weighted-

Average

Exercise

Price

 

 

 

 

 

 

 

 

Warrants Outstanding as of January 1, 2019

 

 

1,053,252

 

 

$

4.28

 

Warrants Granted

 

 

454,237

 

 

$

0.69

 

Warrants Expired

 

 

(194,029

)

 

$

2.08

 

Warrants Outstanding as of December 31, 2019

 

 

1,313,459

 

 

$

2.67

 

Warrants Expired

 

 

(236,904

)

 

$

5.73

 

Warrants Outstanding as of December 31, 2020

 

 

1,076,555

 

 

$

1.99

 

Schedule of Weighted-average fair value of the warrants granted

 

 

For the Year Ended

 

 

 

December 31, 2019

 

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-

Average Fair

Value

 

 

 

 

 

 

 

 

Warrants Granted Whose Exercise Price Exceeded Fair Value at the Date of Grant

 

$

0.69

 

 

$

0.41

 

Warrants Granted Whose Exercise Price Was Equal or Lower Than Fair Value at the Date of Grant

 

$

-

 

 

$

-

 

Schedule of Warrants utilizing weighted-average inputs

 

 

Year Ended

December 31,

 

 

 

2019

 

Stock Price on Date of Grant

 

$

0.69

 

Exercise Price

 

$

0.72

 

Volatility

 

 

96.9

%

Term

 

5Years

 

Risk-Free Interest Rate

 

 

2.0

%

Expected Dividend Rate

 

 

0.0

%