Annual report pursuant to Section 13 and 15(d)

DEFERRED RD OBLIGATIONS PARTICIPATION AGREEMENTS (Tables)

v3.22.4
DEFERRED RD OBLIGATIONS PARTICIPATION AGREEMENTS (Tables)
12 Months Ended
Dec. 31, 2022
DEFERRED RD OBLIGATIONS PARTICIPATION AGREEMENTS (Tables)  
Schedule of default payment

Warrants

Term

 

Buy-back

Buy-back

 

Minimum

Premium %

Premium %

Agreement

Date of

Amount

Exercise

Revenue

 

Payment

pre-18

post 18

#

Funding

Funded

Price

Share

 

Threshold

mos.

mos.

1

April 13, 2020

$

100,000 

3,750

5 Years

$

 9.60 

1.500%

 

$                     -

40%

40%

2

April 13, 2020

150,000

5,625

5 Years

 9.60 

2.250%

 

-

40%

40%

3

April 13, 2020

150,000

5,625

5 Years

 9.60 

2.250%

 

-

40%

40%

4

May 7, 2020

250,000

9,375

5 Years

 9.60 

3.750%

 

-

40%

40%

5

June 1, 2020

275,000

10,313

5 Years

 8.80 

4.125%

 

82,500

40%

50%

6

June 3, 2020

225,000

8,438

5 Years

 8.80 

3.375%

 

67,500

40%

50%

7

July 8, 2020

100,000

3,750

5 Years

 9.60 

1.500%

 

30,000

40%

50%

8

Aug. 24, 2020

125,000

4,688

5 Years

 9.60 

1.875%

 

37,500

40%

50%

9

Sept. 14, 2020

150,000

5,625

5 Years

 9.60 

2.250%

 

45,000

40%

50%

10

Sept.15, 2020

50,000

1,875

5 Years

 9.60 

0.750%

 

15,000

40%

50%

11

Sept.15, 2020

50,000

1,875

5 Years

 9.60 

0.750%

 

15,000

40%

50%

12

Sept.25, 2020

300,000

5,625

5 Years

 9.60 

4.500%

 

420,000

40%

50%

13

Oct. 8, 2020

500,000

18,750

5 Years

 9.60 

7.500%

 

150,000

40%

40%

14

Oct. 4, 2020

100,000

3,750

5 Years

 9.60 

1.500%

 

40,000

40%

50%

15

Oct. 4, 2020

250,000

9,375

5 Years

 9.60 

3.750%

 

-

40%

40%

16

Oct. 9, 2020

50,000

1,875

5 Years

 9.60 

0.750%

 

15,000

40%

40%

17

Dec. 16, 2020

10,000

375

5 Years

 9.60 

0.150%

 

17,000

40%

50%

18

 

Jan. 22, 2021

 

40,000

 

1,500

 

5 Years

 

 11.20 

 

0.600%

 

 

12,000

 

40%

 

50%

19

 

Jan. 25, 2021

 

40,000

 

1,500

 

5 Years

 

 11.20 

 

0.600%

 

 

12,000

 

40%

 

50%

20

 

Jan. 27, 2021

 

25,000

 

938

 

5 Years

 

 11.20 

 

0.375%

 

 

12,000

 

40%

 

50%

21

 

May 14,2021

 

45,000

 

1,688

 

5 Years

 

 10.40 

 

0.675%

 

 

13,500

 

40%

 

50%

$

2,985,000 

106,315

44.775%

 

$

  984,000