|
16. Warrants
A summary of all of the Company’s warrant activity
during the period January 1, 2020 to March 31, 2021 is as follows:
| |
|
Number of shares |
|
Exercise price per share |
|
Weighted average exercise price |
| Outstanding January 1, 2020 |
|
|
1,089,474 |
|
|
$ |
4.00 |
|
|
$ |
4.00 |
|
| Granted |
|
|
5,374,371 |
|
|
|
2.50 to 5.00 |
|
|
|
2.62 |
|
| Forfeited/cancelled |
|
|
(1,089,474 |
) |
|
|
4.00 |
|
|
|
4.00 |
|
| Exercised |
|
|
(3,321,226 |
) |
|
|
2.50 to 5.00 |
|
|
|
2.62 |
|
| Outstanding December 31, 2020 |
|
|
2,053,145 |
|
|
$ |
2.50 to 5.00 |
|
|
|
2.63 |
|
| Granted |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Forfeited/cancelled |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Exercised |
|
|
(1,485,809 |
) |
|
|
2.50 to 3.75 |
|
|
|
2.62 |
|
| Outstanding March 31, 2021 |
|
|
567,336 |
|
|
$ |
2.50 to 5.00 |
|
|
$ |
2.66 |
|
The following tables summarize information about warrants
outstanding as of March 31, 2021:
| |
|
Warrants outstanding |
|
Warrants exercisable |
|
Exercise price
|
|
|
Number of shares |
|
|
|
Weighted average remaining years |
|
|
|
Weighted average exercise price |
|
|
|
Number of shares |
|
|
|
Weighted average exercise price |
|
| $2.50 |
|
|
507,173 |
|
|
|
4.39 |
|
|
$ |
2.50 |
|
|
|
507,173 |
|
|
$ |
2.50 |
|
| $3.75 |
|
|
48,395 |
|
|
|
1.16 |
|
|
|
3.75 |
|
|
|
48,395 |
|
|
|
3.75 |
|
| $5.00 |
|
|
11,768 |
|
|
|
1.37 |
|
|
|
5.00 |
|
|
|
11,768 |
|
|
|
5.00 |
|
| |
|
|
567,336 |
|
|
|
4.05 |
|
|
$ |
2.66 |
|
|
|
567,336 |
|
|
$ |
2.66 |
|
|