STOCKHOLDERS’ EQUITY (Tables)
|
12 Months Ended |
Dec. 31, 2021 |
Equity [Abstract] |
|
SUMMARY OF BLACK-SCHOLES OPTION PRICING MODEL TO STOCK OPTIONS GRANTED ASSUMPTION |
In
applying the Black-Scholes option pricing model to options granted, the Company used the following assumptions:
SUMMARY OF BLACK-SCHOLES OPTION PRICING MODEL TO STOCK OPTIONS GRANTED ASSUMPTION
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|
For the Years
Ended |
|
|
|
December
31, |
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|
|
2021 |
|
|
2020 |
|
|
2020 |
|
|
|
|
|
|
|
|
|
|
|
Risk free interest rate |
|
|
0.09%-1.539 |
% |
|
|
0.33%-1.44 |
% |
|
|
1.52%-1.71 |
% |
Expected term (years) |
|
|
1.00-8.00
|
|
|
|
5.00-8.00 |
|
|
|
5.00-6.00 |
|
Expected volatility |
|
|
115.3%-140.7
|
% |
|
|
121.8%-139.9 |
% |
|
|
131.10%-138.40 |
% |
Expected dividends |
|
|
0.00 |
% |
|
|
0.00 |
% |
|
|
0.00 |
% |
|
SUMMARY OF OPTIONS ACTIVITY |
A
summary of the option activity during the year ended December 31, 2021 is presented below:
SUMMARY OF OPTIONS ACTIVITY
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Weighted |
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|
|
|
|
|
|
|
Weighted |
|
|
Average |
|
|
|
|
|
|
|
|
|
Average |
|
|
Remaining |
|
|
Aggregate |
|
|
|
Number of |
|
|
Exercise |
|
|
Life |
|
|
Intrinsic |
|
|
|
Shares |
|
|
Price |
|
|
In
Years |
|
|
Value |
|
Outstanding, December 31, 2020 |
|
|
572,838 |
|
|
$ |
4.38 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Granted |
|
|
616,312 |
|
|
|
38.15 |
|
|
|
|
|
|
|
|
|
Exercised |
|
|
(183,594 |
) |
|
|
4.08 |
|
|
|
|
|
|
|
|
|
Cancelled/forfeited/expired |
|
|
(22,051 |
) |
|
|
1.38 |
|
|
|
|
|
|
|
|
|
Outstanding, December 31, 2021 |
|
|
983,505 |
|
|
$ |
25.25 |
|
|
|
4.6 |
|
|
$ |
9,416,509 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercisable, December 31, 2021 |
|
|
171,531 |
|
|
$ |
5.59 |
|
|
|
3.6 |
|
|
$ |
3,720,132 |
|
|
SCHEDULE OF STOCK OPTIONS |
The
following table presents information related to stock options at December 31, 2021:
SCHEDULE OF STOCK OPTIONS
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|
|
Options
Outstanding |
|
|
Options
Exercisable |
|
|
|
|
Weighted |
|
|
|
|
|
Weighted |
|
|
|
|
Range of |
|
|
Average |
|
|
Outstanding |
|
|
Average |
|
|
Exercisable |
|
Exercise |
|
|
Exercise |
|
|
Number of |
|
|
Remaining
Life |
|
|
Number of |
|
Price |
|
|
Price |
|
|
Options |
|
|
In
Years |
|
|
Options |
|
$ |
1.73-$9.14
|
|
|
|
2.24 |
|
|
|
351,653 |
|
|
|
3.4 |
|
|
|
155,191 |
|
$ |
25.59-$38.45 |
|
|
|
37.47 |
|
|
|
591,320 |
|
|
|
0.2 |
|
|
|
15,640 |
|
$ |
40.82-$59.22
|
|
|
|
46.50 |
|
|
|
40,532 |
|
|
|
0.0 |
|
|
|
700 |
|
|
|
|
|
|
|
|
|
|
983,505 |
|
|
|
3.6 |
|
|
|
171,531 |
|
|
SCHEDULE OF WARRANT ACTIVITY |
The
following table accounts for the Company’s warrant activity for the year ended December 31, 2021:
SCHEDULE OF WARRANT ACTIVITY
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|
|
|
|
|
Weighted |
|
|
|
|
|
|
|
|
|
Weighted |
|
|
Average |
|
|
|
|
|
|
|
|
|
Average |
|
|
Remaining |
|
|
Aggregate |
|
|
|
Number of |
|
|
Exercise |
|
|
Life |
|
|
Intrinsic |
|
|
|
Shares |
|
|
Price |
|
|
In
Years |
|
|
Value |
|
Outstanding, January 1, 2021 |
|
|
3,893,223 |
|
|
$ |
4.93 |
|
|
|
|
|
|
|
|
|
Issued |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
Exercised |
|
|
(622,661 |
) |
|
|
4.25 |
|
|
|
|
|
|
|
|
|
Cancelled/forfeited/expired |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
Outstanding, December 31, 2021 |
|
|
3,270,562 |
|
|
$ |
5.06 |
|
|
|
1.1 |
|
|
$ |
77,877,434 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Exercisable, December 31, 2021 |
|
|
3,270,562 |
|
|
$ |
5.06 |
|
|
|
1.1 |
|
|
$ |
77,877,434 |
|
|
SCHEDULE OF STOCK WARRANTS |
The
following table presents information related to stock warrants at December 31, 2021:
SCHEDULE OF STOCK WARRANTS
|
|
Warrants
Outstanding |
|
Warrants
Exercisable |
|
|
Weighted |
|
|
|
Weighted |
|
|
Range of |
|
Average |
|
Outstanding |
|
Average |
|
Exercisable |
Exercise |
|
Exercise |
|
Number of |
|
Remaining
Life |
|
Number of |
Price |
|
Price |
|
Warrants |
|
In
Years |
|
Warrants |
|
|
|
|
|
|
|
|
|
$ |
4.25-$35.00
|
|
$ |
4.79 |
|
|
|
3,253,903 |
|
|
|
1.1 |
|
|
|
3,253,903 |
|
$ |
50.00-$150.00
|
|
$ |
57.99 |
|
|
|
16,659 |
|
|
|
0.0 |
|
|
|
16,659 |
|
|
|
|
|
|
|
|
|
3,270,562 |
|
|
|
1.1 |
|
|
|
3,270,562 |
|
|