STOCKHOLDERS EQUITY (DEFICIT) (Tables)
|
12 Months Ended |
Dec. 31, 2021 |
|---|
| STOCKHOLDERS EQUITY (DEFICIENCY) |
|
| Summary of the status of the Company's Options related to the 2019 Incentive Plan |
|
|
December 31, 2021 |
|
|
December 31, 2020 |
|
|
|
Number of
Options
|
|
|
Weighted
Average
Exercise
Price
|
|
|
Number of
Options
|
|
|
Weighted
Average
Exercise
Price
|
|
Outstanding, beginning of year |
|
|
606,250 |
|
|
$ |
9.67 |
|
|
|
362,500 |
|
|
$ |
8.11 |
|
Forfeited |
|
|
(37,500 |
) |
|
|
11.84 |
|
|
|
|
|
|
|
|
|
Issued |
|
|
1,152,324 |
|
|
|
6.32 |
|
|
|
243,750 |
|
|
|
11.98 |
|
Outstanding, end of period |
|
|
1,721,074 |
|
|
$ |
7.38 |
|
|
|
606,250 |
|
|
$ |
9.67 |
|
|
| Schedule of Options outstanding and exercisable |
Outstanding Options |
|
|
Exercisable Options |
|
Range of Exercise Price |
|
|
Number |
|
|
Average Weighted Remaining
Contractual Life in Years
|
|
|
Range of Exercise
Price
|
|
|
Number |
|
|
Weighted Average
Exercise Price
|
|
| $ |
4.00-4.99 |
|
|
|
53,324 |
|
|
|
9.78 |
|
|
$ |
4.00-4.99 |
|
|
|
- |
|
|
$ |
- |
|
|
5.00-5.99 |
|
|
|
924,000 |
|
|
|
9.81 |
|
|
|
5.00-5.99 |
|
|
|
231,000 |
|
|
|
5.50 |
|
|
8.00-8.99 |
|
|
|
375,000 |
|
|
|
7.60 |
|
|
|
8.00-8.99 |
|
|
|
371,876 |
|
|
|
8.05 |
|
|
9.00-9.99 |
|
|
|
25,000 |
|
|
|
3.63 |
|
|
|
9.00-9.99 |
|
|
|
25,000 |
|
|
|
9.60 |
|
|
11.00-11.99 |
|
|
|
175,000 |
|
|
|
8.93 |
|
|
|
11.00-11.99 |
|
|
|
65,625 |
|
|
|
11.20 |
|
|
12.00-12.99 |
|
|
|
168,750 |
|
|
|
3.14 |
|
|
|
12.00-12.99 |
|
|
|
146,875 |
|
|
|
12.80 |
|
|
|
|
|
|
1,721,074 |
|
|
|
8.49 |
|
|
|
|
|
|
|
840,376 |
|
|
$ |
8.47 |
|
|
| Summary of unregistered warrants |
|
|
December 31, 2021 |
|
|
December 31, 2020 |
|
|
|
Number of
Warrants
|
|
|
Weighted
Average
Exercise
Price
|
|
|
Number of
Warrants
|
|
|
Weighted
Average
Exercise
Price
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding, beginning of year |
|
|
2,502,291 |
|
|
$ |
7.67 |
|
|
|
2,427,634 |
|
|
$ |
7.43 |
|
Issued |
|
|
226,426 |
|
|
|
5.64 |
|
|
|
287,564 |
|
|
|
9.34 |
|
Exercised |
|
|
(139,099 |
) |
|
|
6.41 |
|
|
|
(179,564 |
) |
|
|
7.26 |
|
Cancelled |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Expired |
|
|
35,983 |
|
|
|
6.52 |
|
|
|
(33,343 |
) |
|
|
7.08 |
|
Outstanding, end of period |
|
|
2,553,635 |
|
|
$ |
7.57 |
|
|
|
2,502,291 |
|
|
$ |
7.67 |
|
|
| Schedule of unregistered warrants outstanding and exercisable by price range |
Outstanding Warrants |
|
|
Exercisable Warrants |
|
|
Range of |
|
Number |
|
|
Average Weighted
Remaining Contractual Life in Years
|
|
|
Exercise
Price
|
|
Number |
|
|
Weighted
Average
Exercise Price
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
4.00-4.99 |
|
|
200,625 |
|
|
|
0.59 |
|
$ |
4.00-4.99 |
|
|
200,625 |
|
|
$ |
4.80 |
|
|
5.00-5.99 |
|
|
252,050 |
|
|
|
3.96 |
|
|
5.00-5.99 |
|
|
252,050 |
|
|
|
5.51 |
|
|
6.00-6.99 |
|
|
241,091 |
|
|
|
2.56 |
|
|
6.00-6.99 |
|
|
241,091 |
|
|
|
6.40 |
|
|
7.00-7.99 |
|
|
1,250 |
|
|
|
0.58 |
|
|
7.00-7.99 |
|
|
1,250 |
|
|
|
7.20 |
|
|
8.00-8.99 |
|
|
1,584,180 |
|
|
|
1.42 |
|
|
8.00-8.99 |
|
|
1,584,180 |
|
|
|
8.02 |
|
|
9.00-9.99 |
|
|
231,938 |
|
|
|
3.69 |
|
|
9.00-9.99 |
|
|
231,938 |
|
|
|
9.60 |
|
|
10.00-10.99 |
|
|
1,688 |
|
|
|
4.37 |
|
|
10.00-10.99 |
|
|
1,688 |
|
|
|
10.40 |
|
|
11.00-11.99 |
|
|
35,813 |
|
|
|
2.00 |
|
|
11.00-11.99 |
|
|
35,813 |
|
|
|
11.20 |
|
|
14.00-14.99 |
|
|
5,000 |
|
|
|
2.99 |
|
|
14.00-14.99 |
|
|
5,000 |
|
|
|
14.40 |
|
|
|
|
|
2,553,635 |
|
|
|
1.93 |
|
|
|
|
|
2,553,635 |
|
|
$ |
7.57 |
|
|
| Schedule of Common Stock Warrants - Registered |
|
|
December 31, 2021 |
|
|
December 31, 2020 |
|
|
|
Number of
Registered Warrants
|
|
|
Weighted
Average
Exercise
Price
|
|
|
Number of
Registered Warrants
|
|
|
Weighted
Average
Exercise
Price
|
|
Outstanding, beginning of year |
|
|
- |
|
|
$ |
- |
|
|
|
- |
|
|
$ |
- |
|
Issued |
|
|
3,174,000 |
|
|
|
5.50 |
|
|
|
- |
|
|
|
- |
|
Exercised |
|
|
(198,503 |
) |
|
|
5.50 |
|
|
|
- |
|
|
|
- |
|
Cancelled |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Expired |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Outstanding, end of period |
|
|
2,975,497 |
|
|
$ |
5.50 |
|
|
|
- |
|
|
$ |
- |
|
|
| Schedule of registered warrants outstanding and exercisable by price range |
Outstanding Registered Warrants |
|
|
Exercisable Registered Warrants |
|
Exercise Price |
|
|
Number |
|
|
Average Weighted
Remaining Contractual
Life in Years
|
|
|
Exercise
Price
|
|
|
Number |
|
|
Weighted
Average
Exercise Price
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ |
5.50 |
|
|
|
2,975,497 |
|
|
|
4.39 |
|
|
$ |
5.50 |
|
|
|
2,975,497 |
|
|
|
5.50 |
|
|
|
|
|
|
2,975,497 |
|
|
|
4.39 |
|
|
|
|
|
|
|
2,975,497 |
|
|
$ |
5.50 |
|
|