Quarterly report pursuant to Section 13 or 15(d)

Derivative Liabilities (Tables)

v3.22.1
Derivative Liabilities (Tables)
 3 Months Ended
Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of fair value of Level 3 derivative liabilities on recurring basis
    Warrants        
    Public     Private                    
    SPAC     SPAC     PIPE     Other     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     (1,852,650 )     (251,250 )     (3,044,800 )     (81,414 )     (5,230,114 )
Balance as of March 31, 2022   $ 6,196,200     $ 216,075     $ 3,471,500     $ 106,478     $ 9,990,253  

 
Schedule of option pricing models to derivatives assumed
    March 31,
2022
Risk-free interest rate   2.30% - 2.44%
Expected term in years   2.34 - 3.90
Expected volatility   91.0% - 105%
Expected dividends   0%

 

    December 31, 2021
Risk-free interest rate   0.85% - 1.14%
Expected term in years   2.59 – 4.15
Expected volatility   98.5%
Expected dividends   0%

 
Schedule of warrant activity
    Number of Warrants     Weighted Average Exercise Price     Weighted Average Remaining Life in Years     Intrinsic
Value		  
                         
Outstanding, December 31, 2021     11,153,908       9.06       4.1                
Issued    
-
      
-
                  
Exercised    
-
      
-
                  
Cancelled    
-
      
-
                  
Expired    
-
      
-
                  
Outstanding, March 31, 2022     11,153,908     $ 9.06       3.8       -  
                                 
Exercisable, March 31, 2022     11,153,908     $ 9.06       3.8       -  

 
Schedule of outstanding and exercisable warrants
Warrants Outstanding     Warrants Exercisable  
            Weighted        
            Average        
Exercise     Number of     Remaining     Number of  
Price     Shares     Life in Years     Shares  
$ 5.00       2,564,000       3.9       2,564,000  
$ 5.28       63,658       3.1       63,658  
$ 7.07       25,000       2.3       25,000  
$ 7.50       2,500,000       4.4       2,500,000  
$ 11.50       6,001,250       3.6       6,001,250  
          11,153,908       3.8       11,153,908