General form of registration statement for all companies including face-amount certificate companies

Stock Warrants (Tables)

v3.22.4
Stock Warrants (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2022
Dec. 31, 2021
Stock Warrants    
Schedule of Warrant Activities

A summary of the warrant activities for the nine months ended September 30, 2022, is as follows:

 

    Warrants Outstanding        
    Number of
Shares
    Weighted Average
Exercise Price
    Weighted
Average
Remaining
Contractual
Term in Years
    Aggregate Intrinsic
Value (in 000’s)1
 
Balance as of January 1, 2021     -       -       -       -  
Granted     7,083,500     $ 0.05       -       -  
Balance as of December 31, 2021     7,083,500     $ 0.05       4.3       850  
Exercisable as of September 30, 2022     7,083,500     $ 0.05       4.1       850  

 

1 The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying warrants and the closing stock price of $ 0.17 for our common stock on September 30, 2022.

A summary of the warrant activities for the year ended December 31, 2021, is as follows:

 

    Warrants Outstanding
    Number of
Shares
  Weighted
Average
Exercise
Price
  Weighted
Average
Remaining
Contractual
Term in
Years
  Aggregate
Intrinsic
Value
(in 000’s)1
Balance as of January 1, 2021     -       -       -       -  
Granted     7,083,500     $ 0.05       -       -  
Balance as of December 31, 2021     7,083,500     $ 0.05       4.3       79  
Exercisable as of December 31, 2021     7,083,500     $ 0.05       4.3       79  

 

1 The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying warrants and the closing stock price of $0.0612 for our common stock on December 31, 2021.