Annual report pursuant to Section 13 and 15(d)

Note 16 - Warrants

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Note 16 - Warrants
12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Warrants [Text Block]

NOTE 16  WARRANTS

 

The following table summarizes warrant activity for the years ended December 31, 2023 and 2022:

 

   

Warrants

   

Weighted- Average Exercise Price

 
                 

Warrants Outstanding as of December 31, 2021

    858,269     $ 199.00  

Exercised

    (49,451 )   $ 1.00  

Warrants Outstanding as of December 31, 2022

    808,818     $ 22.00  

Issued

    703,572     $ 2.80  

Expired

    (6,223 )   $ 294.23  

Exercised

    (42,855 )   $ 1.00  

Warrants Outstanding as of December 31, 2023

    1,463,312     $ 6.17  

 

In January 2023, the Company issued 703,572 warrants to purchase up to 703,572 of common stock with an exercise price of $2.80 in connection the Private Placement described in "Note 13 - Stockholders' Deficit".

 

During the year ended December 31, 2023, the Company issued 25,146 shares of common stock upon the exercise of 42,855 warrants on a cashless basis.