Quarterly report pursuant to Section 13 or 15(d)

18. Warrants (Tables)

v3.21.1
18. Warrants (Tables)
3 Months Ended
Mar. 31, 2021
Schedule of warrant activity

The following table summarizes the changes in the Company’s outstanding warrants during the three months ended March 31, 2021:

 

    Warrants
Outstanding
Number Of
Shares
    Exercise Prices
Per Share
    Weighted
Average
Remaining
Contractual Life
    Weighted
Average
Exercise Price
Per Share
 
Balance at December 31, 2020     45,511,965     $ 0.21 - 5.30       5.19 years     $ 1.55  
Warrants Granted     39,740,500     $ 2.37        4.83 years     $ 2.37  
Warrants Exercised     39,740,500     $ 1.55        4.76 years     $ 1.55  
Warrants Expired         $           $  
                                 
Balance at March 31, 2021     45,511,965     $ 0.21 - 5.30       5.16 years      $ 2.27  
                                 
Exercisable December 31, 2019     7,176,620     $ 0.76 - 6.00       3.77 years     $ 2.52  
Exercisable December 31, 2020     42,227,793     $ 0.21 - 5.30       4.74 years     $ 2.33  
Warrants [Member]  
Schedule of assumptions

The fair value of these options was determined to be $69,138,527 using the Black-Scholes option pricing model based on the following assumptions:

 

Exercise Price $2.37
Dividend Yield 0%
Volatility 144%
Risk-free interest rate 0.42%
Expected life of options 5.0 years