17. Stockholders’ Equity
|12 Months Ended|
Dec. 31, 2021
|17. Stockholders’ Equity||
17. Stockholders’ Equity
For the year ended December 31, 2021, the Company issued a total of shares of common stock, valued at for the settlement of third party liabilities, compensation and directors’ fees to certain of the Company’s related parties, refer note 16 above.
Between January 4, 2021, and September 21, 2021, investors exercised warrants for $3,962,481 at an average exercise price of $2.63 per share. shares of common stock for gross proceeds of
On January 22, 2021, the Company issued restricted shares of common stock valued at $ to Michele Ciavarella in terms of a compensation election he made for the 2021 fiscal year.
On July 15, 2021, the Company issued $4,544,304 on the date of acquisition. shares of common stock to the Sellers of USB, at $ per share with a market value of
The Company issued the following shares of common stock to promissory note holders in terms of the agreement entered into for the acquisition of Virtual Generation.
For the year ended December 31, 2020, the Company issued a total ofshares of common stock, valued at $ , upon the conversion of convertible debentures into equity.
On August 17, 2020, the Company closed its underwritten public offering of 9,999,998, before underwriting commission of $800,000 and other offering expenses. Each unit consists of one share of common stock and one five year warrant exercisable for one share of common stock at an exercise price of $2.50 per share.units at a price of per unit for gross proceeds of $
The Company granted the underwriters a forty-five day option to purchase up to 624,999 shares of common stock and/or warrants at a price of $2.39 per share and $0.01 per five year warrant exercisable for one share of common stock at an exercise price of $2.50 per share. The underwriters were also issued a three year warrant exercisable for 208,333 shares of common stock at an exercise price of $3.00 per share.
On September 3, 2020, the underwriters executed a partial exercise of the option to purchase 0.01 per warrant, less underwriters commission of $500, for net proceeds of $5,250.units and purchased only the warrants at a purchase price of $
On December 30, 2020, the Company entered into a settlement agreement with its previous chairman whereby it issued 46,666 to settle the balance owing of $46,666.shares of common stock at a value of $
Between December 18, 2020 and December 31, 2020, investors exercised warrants for 3,321,226 shares of common stock at exercise prices ranging from $2.50 to $5.00 per share for gross proceeds of $8,541,896, and the use of proceeds from promissory notes, related party of $108,056 was applied to the warrant exercise.
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef