|
15. Warrants
A summary of
all of the Company’s warrant activity during the period January 1, 2021 to March 31, 2022 is as follows:
| Warrants |
|
Number of shares |
|
Exercise price per share |
|
Weighted average exercise price |
| Warrants: Number of Shares |
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants: Exercise price per share |
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants: Weighted average exercise price |
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding January 1, 2021 |
|
|
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 December 31, 2021 |
|
|
546,336 |
|
|
$ |
2.50 |
to |
5.00 |
|
|
$ |
2.66 |
|
| Granted |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Forfeited/cancelled |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Exercised |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Outstanding March 31, 2022 |
|
|
546,336 |
|
|
$ |
2.50 |
to |
5.00 |
|
|
$ |
2.66 |
|
The following
tables summarize information about warrants outstanding as of March 31, 2022:
| 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 |
|
|
|
3.39 |
|
|
$ |
2.50 |
|
|
|
486,173 |
|
|
$ |
2.50 |
|
| $3.75 |
|
|
48,395 |
|
|
|
0.16 |
|
|
|
3.75 |
|
|
|
48,395 |
|
|
|
3.75 |
|
| $5.00 |
|
|
11,768 |
|
|
|
0.37 |
|
|
|
5.00 |
|
|
|
11,768 |
|
|
|
5.00 |
|
| |
|
|
546,336 |
|
|
|
3.04 |
|
|
$ |
2.66 |
|
|
|
546,336 |
|
|
$ |
2.66 |
|
The outstanding
warrants have an intrinsic value of $0 as of March 31, 2022.
|