Quarterly report pursuant to Section 13 or 15(d)

WARRANTS

v3.22.1
WARRANTS
3 Months Ended
Mar. 31, 2022
Warrants and Rights Note Disclosure [Abstract]  
WARRANTS WARRANTS
The following table summarizes warrant activity for the three months ended March 31, 2022:
Warrants Weighted-Average
Exercise
Price
Warrants Outstanding as of January 1, 2022 85,826,872  $ 0.22 
Issued —  $ — 
Exercised —  $ — 
Warrants Outstanding as of March 31, 2022
85,826,872  $ 0.14 
The Company estimated the fair value of the warrants issued in 2022 utilizing the Black-Scholes option-pricing model with the following weighted-average inputs:
March 31,
2022
Expected term (years) 2.5
Volatility 115.2  %
Risk-free interest rate 0.1  %
Dividend yield 0.0  %