Quarterly report pursuant to Section 13 or 15(d)

WARRANTS

v3.21.1
WARRANTS
 3 Months Ended
Mar. 31, 2021
WARRANTS  
NOTE 14. WARRANTS

The following table summarizes warrant activity for the quarter ended March 31, 2021:

 

 

 

Warrants

 

 

Weighted-Average Exercise Price

 

 

 

 

 

 

 

 

Warrants Outstanding as of January 1, 2021

 

 

 1,076,555

 

 

 $ 1.99

 

Warrants Granted

 

 

 39,945,055

 

 

 $ 0.09

 

Warrants Outstanding as of March 31, 2021

 

 

 41,021,610

 

 

 $ 0.14

 

  

The Company estimated the fair value of the warrants issued in 2021 utilizing the Black-Scholes option-pricing model with the following weighted-average inputs:

 

 

 

March 31,

 

 

 

2021

 

Expected term (years)

 

2.5 Years

 

Volatility

 

 

 115.20 %

Risk-free interest rate

 

 

 0.09 %

Dividend yield

 

 

 0 %

 

There was no activity related to warrants during the three months ended March 31, 2021.