| Schedule of Warrants Issued to Purchase Common Stock |
For
the year ended December 31, 2021, the Company issued warrants to purchase shares of the Company’s common stock related to multiple
private placements. The warrants are as follows:
Schedule of Warrants Issued to Purchase Common Stock
| |
|
Warrant Shares
|
|
|
Exercise Price
|
|
| Hudson Bay Warrant; January 25, 2021 |
|
|
15,000,000 |
|
|
$ |
2.000 |
|
| Palladium Capital Warrant; January 25, 2021 |
|
|
480,000 |
|
|
$ |
2.000 |
|
| BHP Capital Warrant; January 28, 2021 |
|
|
1,500,000 |
|
|
$ |
2.200 |
|
| Hudson Bay Warrant; February 23, 2021 |
|
|
18,568,188 |
|
|
$ |
3.720 |
|
| Palladium Capital Warrant; February 23, 2021 |
|
|
1,650,346 |
|
|
$ |
3.720 |
|
| Hudson Bay Warrant; May 4, 2021 |
|
|
13,070,000 |
|
|
$ |
3.200 |
|
| Palladium Capital Warrant; May 4, 2021 |
|
|
1,200,000 |
|
|
$ |
3.200 |
|
| Hudson Bay Warrant; June 4, 2021 |
|
|
27,821,829 |
|
|
$ |
3.300 |
|
| Palladium Capital Warrant; June 4, 2021 |
|
|
2,071,346 |
|
|
$ |
3.300 |
|
| BHP Capital Warrant; June 9, 2021 |
|
|
1,500,000 |
|
|
$ |
3.200 |
|
| Hudson Bay Warrant; July 22, 2021 |
|
|
32,697,548 |
|
|
$ |
2.655 |
|
| Palladium Capital Group Warrant; July 22, 2021 |
|
|
2,615,804 |
|
|
$ |
2.655 |
|
| BHP Capital Warrant; July 23, 2021 |
|
|
1,007,194 |
|
|
$ |
2.780 |
|
| Hudson Bay Series A Warrant; August 19, 2021 |
|
|
20,500,000 |
|
|
$ |
2.655 |
|
| Hudson Bay Series B Warrant; August 19, 2021*
|
|
|
2,000,000 |
|
|
$ |
2.655 |
|
| Palladium Capital Group Series A Warrant; August 19, 2021 |
|
|
1,640,000 |
|
|
$ |
3.200 |
|
| Palladium Capital Group Series B Warrant; August 19, 2021* |
|
|
160,000 |
|
|
$ |
2.655 |
|
| Hudson Bay Series A Warrant; September 1, 2021** |
|
|
12,000,000 |
|
|
$ |
9.000 |
|
| Armistice Capital Series A Warrant; September 1, 2021** |
|
|
5,000,000 |
|
|
$ |
9.000 |
|
| CVI Investments Series A Warrant; September 1, 2021** |
|
|
3,000,000 |
|
|
$ |
9.000 |
|
| Hudson Bay Series B Warrant; September 1, 2021* |
|
|
2,000,000 |
|
|
$ |
9.000 |
|
| Palladium Capital Group Series A Warrant; September 1, 2021 |
|
|
1,600,000 |
|
|
$ |
9.000 |
|
| Palladium Capital Group Series B Warrant; September 1, 2021* |
|
|
160,000 |
|
|
$ |
9.000 |
|
| Hudson Bay Warrant; November 10, 2021 |
|
|
15,000,000 |
|
|
$ |
4.527 |
|
| Palladium Capital Group Warrant; November 10, 2021 |
|
|
1,200,000 |
|
|
$ |
4.527 |
|
| Hudson Bay Warrant; December 20, 2021 |
|
|
30,678,041 |
|
|
$ |
3.265 |
|
| Palladium Capital Group Warrant; December 20, 2021 |
|
|
2,454,243 |
|
|
$ |
3.265 |
|
| * |
The
Series B Warrant has effective exercise price of $0.00 as alternative cashless feature allowing for issuance of shares of common
stock at 1:1 ratio of warrant shares. |
|
| Schedule of Warrant Assumptions |
The
warrants remaining at December 31, 2021 were valued using the Monte-Carlo simulation pricing model to calculate the fair value of the
warrants with the following assumptions:
Schedule of Warrant Assumptions
| |
|
Dividend Yield
|
|
|
Expected Volatility |
|
|
Risk-free Interest Rate |
|
|
Expected Life
|
|
| Hudson Bay Warrant; June 4, 2021 |
|
|
0.00 |
% |
|
|
115.00 |
% |
|
|
1.25 |
% |
|
|
2.5 years |
|
| Palladium Capital Warrant; June 4, 2021 |
|
|
0.00 |
% |
|
|
115.00 |
% |
|
|
1.25 |
% |
|
|
2.5 years |
|
| Hudson Bay Warrant; July 22, 2021 |
|
|
0.00 |
% |
|
|
115.00 |
% |
|
|
1.24 |
% |
|
|
2.5 years |
|
| Hudson Bay Series A Warrant; September 1, 2021 |
|
|
0.00 |
% |
|
|
115.00 |
% |
|
|
1.22 |
% |
|
|
2.5 years |
|
| Palladium Capital Group Series A Warrant; September 1, 2021 |
|
|
0.00 |
% |
|
|
115.00 |
% |
|
|
1.22 |
% |
|
|
2.5 years |
|
| Hudson Bay Warrant; November 10, 2021 |
|
|
0.00 |
% |
|
|
115.00 |
% |
|
|
1.30 |
% |
|
|
2.5 years |
|
| Palladium Capital Warrant; November 10, 2021 |
|
|
0.00 |
% |
|
|
115.00 |
% |
|
|
1.30 |
% |
|
|
2.5 years |
|
| Hudson Bay Warrant; December 20, 2021 |
|
|
0.00 |
% |
|
|
115.00 |
% |
|
|
1.30 |
% |
|
|
2.5 years |
|
| Palladium Capital Warrant; December 20, 2021 |
|
|
0.00 |
% |
|
|
115.00 |
% |
|
|
1.30 |
% |
|
|
2.5 years |
|
|