Annual report pursuant to Section 13 and 15(d)

18. Warrants (Tables)

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18. Warrants (Tables)
12 Months Ended
Dec. 31, 2021
Warrants  
Warrants - Assumptions
   

Year ended

December 31, 2020

Exercise price     $2.50 to $5.00  
Risk free interest rate     0.16 to 0.29
Expected life of warrants     2 to 5 years  
Expected volatility of underlying stock     139.5 to 183.5  
Expected dividend rate     0 %
Warrants
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  
Expired                
Outstanding December 31, 2020     2,053,145     $ 2.50 to 5.00       2.63  
Granted                  
Forfeited/cancelled                  
Exercised     (1,506,809 )     2.50 to 5.00       2.63  
Outstanding December 31, 2021     546,336     $ 2.50 to 5.00     $ 2.66  
Warrants oustanding, exercise price (Details Narrative)
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       3.63     $ 2.50       486,173     $ 2.50  
$3.75     48,395       0.41       3.75       48,395       3.75  
$5.00     11,768       0.61       5.00       11,768       5.00  
      546,336       3.28     $ 2.66       546,336     $ 2.66