Annual report pursuant to Section 13 and 15(d)

WARRANTS (Tables)

v3.20.1
WARRANTS (Tables)
 12 Months Ended
Dec. 31, 2019
WARRANTS (Tables)  
Schedule of Warrants outstanding

 

Shares

 

Weighted-Average Exercise Price

 

Warrants Outstanding as of January 1, 2018

 

1,191,367

 

$

-

 

Warrants Exercised

 

(339,275

)

 

$

1.96

 

Warrants Granted

 

420,092

 

$

2.67

 

Warrants Expired

 

(218,933

)

 

$

1.17

 

Warrants Outstanding as of December 31, 2018

 

1,053,252

 

$

4.28

 

Warrants Exercised

 

-

 

$

-

 

Warrants Granted

 

454,237

 

$

0.69

 

Warrants Expired

 

(194,029

)

 

$

2.08

 

Warrants Outstanding as of December 31, 2019

 

1,313,459

 

$

2.67

 
Schedule of Weighted-average fair value of the warrants granted

 

For the Year Ended

 

December 31, 2019

 

December 31, 2018

 

Weighted-Average Exercise Price

 

Weighted-Average Fair Value

 

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

 

$

2.37

 

$

1.61

 

Warrants Granted Whose Exercise Price

 

Was Equal or Lower Than Fair Value at the Date of Grant

 

$

-

 

$

-

 

$

3.95

 

$

4.53

 
Schedule of Warrants utilizing weighted-average inputs

 

 

Year Ended December 31,

 

2019

 

2018

 

Stock Price on Date of Grant

 

$

0.69

 

$

2.63

 

Exercise Price

 

$

0.72

 

$

2.67

 

Volatility

 

96.9

%

 

115.7

%

Term

 

5 -Years

 

5 -Years

 

Risk-Free Interest Rate

 

2.0

%

 

2.7

%

Expected Dividend Rate

 

0

%

 

0

%