Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS??? EQUITY (Tables)

v3.21.2
STOCKHOLDERS’ EQUITY (Tables)
9 Months Ended
Sep. 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 nine months ended September 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       4.3  
Expired     -       -       -  
Exercised     (216,538 )     7.55       -  
Outstanding as of September 30, 2021     457,837     $ 25.54       3.5  
Warrants exercisable as of September 30, 2021     457,837     $ 25.54       3.5  
                         
The aggregate intrinsic value of warrants outstanding and exercisable at September 30, 2021 was           $ 2,812,878          
SUMMARY OF STOCK OPTIONS

A summary of the stock options as of September 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 September 30, 2021     81,120     $ 57.35       3.75  
Options vested and expected to vest as of September 30, 2021     81,120     $ 57.35       3.75  
Options vested and exercisable as of September 30, 2021     81,120     $ 57.35       3.75

 

 

                         
The aggregate intrinsic value of options outstanding and exercisable at September 30, 2021 was           $ 55,522          
SUMMARY OF RESTRICTED STOCK AWARD ACTIVITY

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

 

    Number of Units     Weighted Average Grant Date Fair
Value
 
Nonvested at December 31, 2020     566,279     $ 0.43  
Granted     7,618,577     $ 19.49  
Vested     (8,089,677 )   $ 18.11  
Nonvested at September 30, 2021     95,179     $ 23.13