Quarterly report pursuant to Section 13 or 15(d)

WARRANTS

v3.21.2
WARRANTS
9 Months Ended
Sep. 30, 2021
WARRANTS  
NOTE 15. WARRANTS

NOTE 15 – WARRANTS

 

The following table summarizes warrant activity for the nine months ended September 30, 2021:

 

 

 

Warrants

 

 

Weighted-Average Exercise Price

 

 

 

 

 

 

 

 

Warrants Outstanding as of January 1, 2021

 

 

1,076,555

 

 

$ 1.99

 

Warrants Granted

 

 

85,336,515

 

 

$ 0.08

 

Warrants Outstanding as of September 30, 2021

 

 

86,413,070

 

 

$ 0.10

 

 

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:

 

 

 

September 30,

 

 

 

2021

 

Expected term (years)

 

 

3.8

 

Volatility

 

 

112.6 %

Risk-free interest rate

 

 

0.17 %

Dividend yield

 

 

0 %