Annual report pursuant to Section 13 and 15(d)

STOCKHOLDERS??? EQUITY (Tables)

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STOCKHOLDERS’ EQUITY (Tables)
 12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
SUMMARY OF OUTSTANDING STOCK WARRANTS

A summary of the status of the Company’s outstanding stock warrants and changes during year ended is as follows:

 

    Number of Warrants     Weighted Average
Exercise Price		     Weighted
Average Remaining Contractual Life
(in years)		  
Outstanding as of December 31, 2019     182,191     $ 25.04       2.8  
Issued     536,667     $ 1.13       4.6  
Expired     (17,969 )     59.14       -  
Exercised     (413,233 )     1.13       -  
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     326,779     $ 25.54       3.5  
Warrants exercisable as of December 31, 2021     326,779     $ 25.54       3.5  

SUMMARY OF RESTRICTED STOCK AWARD ACTIVITY

A summary of the stock options as of December 31, 2021 and changes during the year ended is as follows:

 

    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       -  
Expired     (81,120 )     -       -  
Outstanding as of December 31, 2021     -     $ -       -  
Options vested and expected to vest as of December 31, 2021     -     $ -       -  
Options vested and exercisable as of December 31, 2021     -     $ -       -  

 

The aggregate intrinsic value of options outstanding and exercisable at December 31, 2021 was $0.

 

A summary of the RSUs as of December 31, 2021 and 2020, 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     642,094     $ 35.93  

SUMMARY OF RESTRICTED STOCK AWARD ACTIVITY

A summary of the RSUs as of December 31, 2021 and 2020, 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     642,094     $ 35.93