Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS??? EQUITY (Tables)

v3.21.2
STOCKHOLDERS’ EQUITY (Tables)
6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
SUMMARY OF OUTSTANDING STOCK WARRANTS

A summary of the status of the Company’s outstanding stock warrants and changes during the six months ended June 30, 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     386,719       25.00       4.5  
Expired     -       -       -  
Exercised     (216,538 )     7.55       0.8  
Outstanding as of June 30, 2021     457,837     $ 25.54       3.8  
Warrants exercisable as of June 30, 2021     457,837     $ 25.54       3.8  
                         
The aggregate intrinsic value of warrants outstanding and exercisable at June 30, 2021 was           $ 2,717,238          
SUMMARY OF STOCK OPTIONS

A summary of the stock options as of June 30, 2021 and changes during the period are presented below:

 

   

Number

of Shares

   

Weighted

Average
Exercise Price

   

Weighted

Average Remaining Contractual Life
(in years)

 
Outstanding as of December 31, 2020     106,120     $ 44.32       4.28  
Exercised     (25,000 )     2.04       -  
Outstanding as of June 30, 2021     81,120     $ 57.35       4.00  
Options vested and expected to vest as of June 30, 2021     81,120     $ 57.35       4.00  
Options vested and exercisable as of June 30, 2021     81,120     $ 57.35       4.00  
                         
The aggregate intrinsic value of options outstanding and exercisable at June 30, 2021 was           $ 48,779          
SUMMARY OF RESTRICTED STOCK AWARD ACTIVITY

A summary of the restricted stock award activity for the six months ended June 30, 2021 as follows:

 

    Number of Units     Weighted Average Grant Date Fair Value  
Nonvested at December 31, 2020     566,279     $ 0.43  
Granted     4,999,999     $ 10.44  
Vested     (5,367,240 )   $ 9.38  
Nonvested at June 30, 2021     199,038     $ 10.44