Quarterly report pursuant to Section 13 or 15(d)

18. Warrants

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18. Warrants
9 Months Ended
Sep. 30, 2021
Warrants  
18. Warrants

18. Warrants

 

A summary of all of the Company’s warrant activity during the period January 1, 2020 to September 30, 2021 is as follows:

 

Warrants    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     (1,506,809 )     2.50 to 3.75       2.63  
Outstanding September 30, 2021     546,336     $ 2.50 to 5.00     $ 2.66  

  

 

The following tables summarize information about warrants outstanding as of September 30, 2021:

 

Warrants outstanding, Exercise Price  
    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     486,173       3.88     $ 2.50       486,173     $ 2.50  
$3.75     48,395       0.66       3.75       48,395       3.75  
$5.00     11,768       0.87       5.00       11,768       5.00  
      546,336       3.53     $ 2.66       546,336     $ 2.66