Warrants |
6 Months Ended |
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Jun. 30, 2023 | |
Warrants | |
Warrants |
Note 20 – Warrants
Outstanding Warrants
Warrants to purchase an aggregate total of 14,011,650 shares of common stock at a weighted average strike price of $0.29, exercisable over a weighted average life of 2.4 years were outstanding as of June 30, 2023.
Warrants Granted
On April 3, 2023, the Company received proceeds of $100,000 from the sale of units, consisting of shares of Series A Preferred Stock and -year warrants to purchase 1,000,000 shares of common stock at an exercise price of $0.25 per share from an accredited investor. The proceeds received were allocated between the Series A Preferred Stock and warrants on a relative fair value basis. The aggregate estimated value of the warrants using the Black-Scholes Pricing Model, based on a weighted average volatility rate of 146% and a weighted average call option value of $ , was $63,508.
On January 27, 2023, the Company received proceeds of $100,000 from the sale of units, consisting of shares of Series A Preferred Stock and -year warrants to purchase 1,000,000 shares of common stock at an exercise price of $0.25 per share from an accredited investor. The proceeds received were allocated between the Series A Preferred Stock and warrants on a relative fair value basis. The aggregate estimated value of the warrants using the Black-Scholes Pricing Model, based on a weighted average volatility rate of 148% and a weighted average call option value of $ , was $67,180.
On January 9, 2023, the Company received proceeds of $25,000 from the sale of units, consisting of shares of Series A Preferred Stock and -year warrants to purchase 250,000 shares of common stock at an exercise price of $0.25 per share from an accredited investor. The proceeds received were allocated between the Series A Preferred Stock and warrants on a relative fair value basis. The aggregate estimated value of the warrants using the Black-Scholes Pricing Model, based on a weighted average volatility rate of 152% and a weighted average call option value of $ , was $13,757.
On January 4, 2023, the Company received proceeds of $25,000 from the sale of units, consisting of shares of Series A Preferred Stock and -year warrants to purchase 250,000 shares of common stock at an exercise price of $0.25 per share from an accredited investor. The proceeds received were allocated between the Series A Preferred Stock and warrants on a relative fair value basis. The aggregate estimated value of the warrants using the Black-Scholes Pricing Model, based on a weighted average volatility rate of 156% and a weighted average call option value of $ , was $13,970.
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