General form of registration statement for all companies including face-amount certificate companies

Derivative Liabilities (Tables)

v3.23.2
Derivative Liabilities (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2023
Dec. 31, 2022
Derivative Liabilities [Abstract]    
Schedule of derivative liabilities
    Warrants        
    Public     Private                    
    SPAC     SPAC     PIPE     Other     Total  
Balance as of January 1, 2023     $ 31,625     $ 1,256     $ 42,100     $ 400     $ 75,381  
Change in fair value of derivative liabilities     (21,390 )     (1,005 )     (30,600 )     (328 )     (53,323 )
Balance as of March 31, 2023   $ 10,235     $ 251     $ 11,500     $ 72     $ 22,058  
    For the Year Ended December 31, 2022  
    Warrants              
    Public     Private                 Convertible        
    SPAC     SPAC     PIPE     Other     Notes     Total  
Balance as of January 1, 2022     $ 8,048,850     $ 467,325     $ 6,516,300     $ 187,892     $       -     $ 15,220,367  
Change in fair value of derivative liabilities     (8,017,225 )     (466,069 )     (6,474,200 )     (187,492 )    
-
       (15,144,986 )
Balance as of December 31, 2022   $ 31,625     $ 1,256     $ 42,100     $ 400     $ -     $ 75,381  
Schedule of fair value of Level 3 derivative liabilities (except the Public Special Purpose Acquisition Companies (“SPAC”) warrants as defined below, which are Level 1 derivative liabilities that are measured at fair value on a recurring basis  
    For the Year Ended December 31, 2021  
    Warrants              
    Public     Private                 Convertible        
    SPAC     SPAC     PIPE     Other     Notes     Total  
Balance as of January 1, 2021     $ 3,795,000     $ 256,275     $
-
     $ 165,895     $ 225,800     $ 4,442,970  
Extinguishment of derivative liabilities in connection with conversion of debt (1)    
-
      
-
      
-
      
-
       (591,203 )     (591,203 )
Warrants issued in connection with the financing    
-
      
-
       7,294,836      
-
      
-
       7,294,836  
Warrants issued relates to Alpha settlement (1)    
-
      
-
      
-
       95,677      
-
       95,677  
Extinguishment of derivative liabilities in connection with the Alpha settlement (1)    
-
      
-
      
-
      
-
       (699,301 )     (699,301 )
Change in fair value of derivative liabilities     4,253,850       211,050       (778,536 )     (73,680 )     1,064,704       4,677,388  
Balance as of December 31, 2021   $ 8,048,850     $ 467,325     $ 6,516,300     $ 187,892     $
-
     $ 15,220,367  
(1) See Note 10 – Convertible Notes Payable

 
Schedule of option pricing models
    March 31,
2023		  
Risk-free interest rate     3.71% - 4.40 %
Expected term in years     1.34 – 2.90   
Expected volatility     103.5% - 106.0 %
Expected dividends     0 %
Market Price   $ 1.80  
    December 31,
2022		  
Risk-free interest rate     2.30% - 4.50 %
Expected term in years     1.59 – 3.90  
Expected volatility     76.0% - 105.0 %
Expected dividends     0 %
Market Price   $ 3.39  

 
   

December 31,

2022

  
Risk-free interest rate     2.30% – 4.50 %
Expected term in years    

1.59 – 3.90

  
Expected volatility     76.0% – 105.0 %
Expected dividends     0 %
    February 23,
2021		  
Risk-free interest rate     0.59 %
Expected term in years     5.00  
Expected volatility     85 %
Expected dividends     0 %
    March 12,
2021		  
Risk-free interest rate     0.68 %
Expected term in years     3.84  
Expected volatility     85 %
Expected dividends     0 %
    July 29,
2021		  
Risk-free interest rate     0.37 %
Expected term in years     3.00  
Expected volatility     85 %
Expected dividends     0 %
    January 15, 2021 to  
    February 5, 2021  
Risk-free interest rate     0.00% - 0.14 %
Expected term in years     0.02 - 0.18  
Expected volatility     120% - 161 %
Expected dividends     0 %

 
Schedule of warrant activity  
    Number of
Warrants		     Weighted Average Exercise Price     Weighted Average Remaining Life in Years   Intrinsic Value
Outstanding, January 1, 2021     303,245     $  228.69       4.9       -
Issued     254,450       124.77              
Exercised     -       -              
Cancelled     -       -              
Expired     -       -              
Outstanding, December 31, 2021     577,695     $ 181.20       4.1      -
Issued     4,508,923       3.44       5.4      
Exercised     (1,630,890 )     0.0001       - (1)    
Cancelled    
 
 -     -              
Expired    
 
 -     -              
Outstanding, December 31, 2022     3,435,728     $ 33.94       5.1     -
                             
Exercisable, December 31, 2022     577,695     $ 181.28       3.1      -
(1) Note that the warrants are exercisable until they are exercised in full and have no expiration date; as such, they have been excluded from this calculation.
Schedule of outstanding and exercisable warrants  
Warrants Outstanding     Warrants Exercisable  
            Weighted        
            Average        
Exercise     Number of     Remaining     Number of  
Price     Shares     Life in Years     Shares  
$ 100.00       128,200       3.2       128,200  
$ 105.60       3,183       2.3       3,183  
$ 141.40       1,250       1.6       1,250  
$ 150.00       125,000       3.6       125,000  
$ 230.00       300,062       2.9       300,062  
$ 21.20       306,604       -      
-
  
$ 3.50       2,571,429       -      
-
  
          3,435,728       3.1       577,695  
Warrants Outstanding     Warrants Exercisable  
            Weighted        
            Average        
Exercise     Number of     Remaining     Number of  
Price     Shares     Life in Years     Shares  
$ 100.00       128,200       4.2       128,200  
$ 105.60       3,183       3.3       3,183  
$ 141.40       1,250       2.6       1,250  
$ 150.00       125,000       4.6       125,000  
$ 230.00       300,062       3.9       300,062  
          577,695       4.1       577,695