Quarterly report pursuant to Section 13 or 15(d)

Stock Warrants (Tables)

v3.23.2
Stock Warrants (Tables)
3 Months Ended
Mar. 31, 2023
Stock Warrants  
Schedule of Warrant Activities

A summary of the warrant activities for the three months ended March 31, 2023, is as follows:

 

 Schedule of Warrant Activities

    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, 2022     7,083,500     $ 0.05       4.3       850  
Exercisable as of March 31, 2023     7,083,500     $ 0.05       4.1       991  

 

 

1 The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying warrants and the closing stock price of $ 0.1899 for our common stock on March 31, 2023.