| Schedule of Warrant Liability |
Schedule
of Warrant Liability
| |
|
|
|
|
|
|
|
|
|
|
For
the 3 months ended June
30, 2022
|
|
| Series |
|
Exercise
Price* |
|
|
Initial
Grants |
|
|
As
of April 1, 2022 |
|
|
Exercises |
|
|
Remaining |
|
| June |
|
$ |
3.3000 |
|
|
|
29,893,175 |
|
|
|
115,800 |
|
|
|
- |
|
|
|
115,800 |
|
| September
A |
|
$ |
9.0000 |
|
|
|
21,600,000 |
|
|
|
21,600,000 |
|
|
|
(15,000,000 |
) |
|
|
6,600,000 |
|
| November |
|
$ |
4.5270 |
|
|
|
16,200,000 |
|
|
|
16,200,000 |
|
|
|
(500,000 |
) |
|
|
15,700,000 |
|
| December |
|
$ |
3.2653 |
|
|
|
122,786,087 |
|
|
|
122,786,087 |
|
|
|
(45,930,123 |
) |
|
|
76,855,964 |
|
| |
|
|
|
|
|
|
190,479,262 |
|
|
|
160,701,887 |
|
|
|
(61,430,123 |
) |
|
|
99,271,764 |
|
| |
|
|
|
|
|
|
|
|
|
|
For
the 6 months ended June
30, 2022
|
|
| Series |
|
Exercise
Price* |
|
|
Initial
Grants |
|
|
As
of Jan. 1, 2022 |
|
|
Exercises |
|
|
Remaining |
|
| June |
|
$ |
3.3000 |
|
|
|
29,893,175 |
|
|
|
20,386,206 |
|
|
|
(20,270,406 |
) |
|
|
115,800 |
|
| July |
|
$ |
2.6550 |
|
|
|
35,313,352 |
|
|
|
16,624,163 |
|
|
|
(16,624,163 |
) |
|
|
- |
|
| September
A |
|
$ |
9.0000 |
|
|
|
21,600,000 |
|
|
|
21,600,000 |
|
|
|
(15,000,000 |
) |
|
|
6,600,000 |
|
| November |
|
$ |
4.5270 |
|
|
|
16,200,000 |
|
|
|
16,200,000 |
|
|
|
(500,000 |
) |
|
|
15,700,000 |
|
| December |
|
$ |
3.2653 |
|
|
|
122,786,087 |
|
|
|
122,786,087 |
|
|
|
(45,930,123 |
) |
|
|
76,855,964 |
|
| |
|
|
|
|
|
|
225,792,614 |
|
|
|
197,596,456 |
|
|
|
(98,324,692 |
) |
|
|
99,271,764 |
|
|
| Schedule of Warrant Assumptions |
The
Company’s outstanding warrants set forth below were valued using the Monte-Carlo simulation pricing model to calculate the June
30, 2022 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 |
% |
|
|
118.40 |
% |
|
|
3.00 |
% |
|
2.9
years |
| Hudson
Bay Series A Warrant; September 1, 2021 |
|
|
0.00 |
% |
|
|
118.40 |
% |
|
|
3.00 |
% |
|
2.7
years |
| Palladium
Capital Group Series A Warrant; September 1, 2021 |
|
|
0.00 |
% |
|
|
118.40 |
% |
|
|
3.01 |
% |
|
2.7
years |
| Hudson Bay Warrant;
November 10, 2021 |
|
|
0.00 |
% |
|
|
118.40 |
% |
|
|
3.01 |
% |
|
3.6
years |
| Palladium Capital
Warrant; November 10, 2021 |
|
|
0.00 |
% |
|
|
118.40 |
% |
|
|
3.01 |
% |
|
3.6
years |
| Hudson Bay Warrant;
December 20, 2021 |
|
|
0.00 |
% |
|
|
118.40 |
% |
|
|
3.01 |
% |
|
3.6
years |
| Palladium Capital
Warrant; December 20, 2021 |
|
|
0.00 |
% |
|
|
118.40 |
% |
|
|
3.01 |
% |
|
3.6
years |
|