Annual report pursuant to Section 13 and 15(d)

STOCKHOLDERS EQUITY (DEFICIT) (Tables)

v3.22.1
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