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

COMMON STOCK OPTIONS AND WARRANTS (Tables)

v3.21.1
COMMON STOCK OPTIONS AND WARRANTS (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Options Activity


 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

 

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

 

 

Shares

 

 

Price

 

 

Term (Years)

 

 

Value

 

Outstanding at December 31, 2018

 

 

160,152

 

 

$

14.00

 

 

 

4.3

 

 

 

—

 

Granted

 

 

17,144

 

 

$

14.00

 

 

 

5.0

 

 

 

—

 

Forfeited

 

 

(14,286)

 

 

 

14.00

 

 

 

—

 

 

 

—

 

Outstanding at December 31, 2019

 

 

163,010

 

 

$

14.00

 

 

 

3.4

 

 

 

—

 

Exercisable at December 31, 2019

 

 

154,438

 

 

$

14.00

 

 

 

3.4

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2019

 

 

163,010

 

 

$

14.00

 

 

 

3.4

 

 

 

—

 

Granted

 

 

450,290

 

 

$

5.06

 

 

 

4.4

 

 

 

—

 

Cancelled/Forfeited

 

 

(161,402

)

 

$

14.00

 

 

 

—

 

 

 

—

 

Outstanding at December 31, 2020

 

 

451,898

 

 

$

5.06

 

 

 

4.4

 

 

 

$7,200

 

Exercisable at December 31, 2020

 

 

212,832

 

 

$

5.76

 

 

 

4.2

 

 

 

—

Schedule of Fair Value Assumptions

The fair value of the incentive stock option grants for the years ended December 31, 2020 and 2019 were estimated using the following weighted- average assumptions:


 

 

For the Years Ended
December 31,

 

 

2020

 

2019

Risk free interest rate

 

0.18% - 0.26%

 

1.44 - 2.44%

Expected term in years

 

2.50 - 3.50

 

2.76 - 3.25

Dividend yield

 

—

 

—

Volatility of common stock

 

68.00% - 86.24%

 

117.18% - 151.43%

Estimated annual forfeitures

 

—

 

—

Schedule of Warrants Outstanding

During the fourth quarter of 2019, 357 warrants were exercised for cash in the amount of $2,750.



 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

 

 

Warrants

 

 

Price

 

 

Term (Years)

 

 

Value

 

Outstanding at December 31, 2018

 

 

1,815,181

 

 

$

9.52

 

 

 

3.9

 

 

 

—

 

Warrants expired, forfeited, cancelled or exercised

 

 

(338,575

)

 

 

 

 

 

 

 

 

 

 

 

 

Warrants issued

 

 

44,644

 

 

$

7.70

 

 

 

4.9

 

 

 

—

 

Outstanding at December 31, 2019

 

 

1,521,250

 

 

$

8.78

 

 

 

3.9

 

 

 

—

 

Exercisable at December 31, 2019

 

 

1,521,250

 

 

$

8.78

 

 

 

3.9

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2019

 

 

1,521,250

 

 

$

8.78

 

 

 

3.9

 

 

 

—

 

Warrants expired, forfeited, cancelled or exercised

 

 

(23,116

)

 

 

 

 

 

 

 

 

 

 

 

 

Warrants issued

 

 

89,419

 

 

$

9.02

 

 

 

2.2

 

 

 

—

 

Outstanding at December 31, 2020

 

 

1,587,333

 

 

$

8.62

 

 

 

2.0

 

 

 

—

 

Exercisable at December 31, 2020

 

 

1,587,333

 

 

$

8.69

 

 

 

2.0

 

 

 

—