Quarterly report pursuant to Section 13 or 15(d)

15. Warrants (Tables)

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15. Warrants (Tables)
6 Months Ended
Jun. 30, 2023
Warrants  
Warrants Assumptions
Assumptions  

Six months ended

June 30, 2023

Exercise price   $ 0.39 to 0.89  
Risk free interest rate     3.58 to 4.32 %
Expected life of options     3   years
Expected volatility of underlying stock     126.9 to 133.7 %
Expected dividend rate     0 %
Warrants
Warrants   Number of shares   Exercise price per share   Weighted average exercise price
Outstanding January 1, 2022     546,336     $ 2.50 to 5.00     $ 2.66  
Granted – pre-funded warrants     541,227       0.0001       0.0001  
Granted     3,166,227       0.9475       0.9475  
Forfeited/cancelled     (48,395     3.75       3.75  
Exercised – pre-funded warrants     (541,227)       0.0001       0.0001  
Outstanding December 31, 2022     3,664,168     $ 0.9475 to 5.00     $ 1.17  
Granted     5,517,562       0.39 to 0.89       0.46  
Forfeited/cancelled     (11,768     5.00       5.00  
Exercised     —         —         —    
Outstanding June 30, 2023     9,169,962     $ 0.39 to 2.50     $ 0.74  
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  
$0.39     2,179,487       2.59               2,179,487          
$0.48     3,138,075       2.84               3,138,075          
$0.89     200,000       2.63               —            
$0.9475     3,166,227       4.46               3,166,227          
$2.50     486,173       2.14               486,173          
      9,169,962       3.30     $ 0.74       8,969,962     $ 0.73