Annual report pursuant to Section 13 and 15(d)

STOCKHOLDERS??? EQUITY (Tables)

v3.22.4
STOCKHOLDERS’ EQUITY (Tables)
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
SUMMARY OF OUTSTANDING STOCK WARRANTS

A summary of the Company’s issued and outstanding stock warrants and changes during the year ended December 31, 2022 and 2021 is as follows:

 

   

Number of

Warrants

   

Weighted

Average

Exercise

Price

   

Weighted

Average

Remaining

Contractual

Life (in years)

 
Outstanding as of December 31, 2020     287,656     $ 12.64       2.7  
Issued     375,000       25.00       4.3  
Expired     (19,792 )     27.20        
Exercised     (316,085 )     14.42        
Outstanding as of December 31, 2021 (Restated)     326,779     $ 25.54       3.5  
Issued                  
Expired     (2,404 )     52.00        
Exercised                  
Outstanding as of December 31, 2022     324,375       25.00       2.5  
Warrants exercisable as of December 31, 2022     324,375     $ 25.00       2.5  
SUMMARY OF RESTRICTED STOCK AWARD ACTIVITY

A summary of the RSUs as of December 31, 2022 and 2021, respectively and changes during the period are presented below:

 

   

Number of

Units

   

Weighted

Average Grant

Date Fair Value

 
Nonvested at December 31, 2020     566,279     $ 0.43  
Granted     8,313,410       20.89  
Vested     (8,237,595 )     18.31  
Nonvested at December 31, 2021 (Restated)     642,094     $ 35.93  
Granted     1,167,339       19.35  
Retired     (60,000 )     42.19  
Vested     (493,785 )     29.87  
Nonvested at December 31, 2022     1,255,648     $ 22.60