Quarterly report pursuant to Section 13 or 15(d)

Derivative Liabilities (Tables)

v3.22.2
Derivative Liabilities (Tables)
 6 Months Ended
Jun. 30, 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  
Change in fair value of derivative liabilities     (4,357,350 )     (185,925 )     (2,849,900 )     (94,363 )     (7,487,538 )
Balance as of June 30, 2022   $ 1,838,850     $ 30,150     $ 621,600     $ 12,115     $ 2,502,715  

 
Schedule of black scholes option pricing model
    June 30,
2022
Risk-free interest rate   2.90% - 3.00%
Expected term in years   2.09 - 3.65
Expected volatility   91.00% - 91.50%
Expected dividends   0%
Market Price   $0.85

 

    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%
Market Price   $3.90

 
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, June 30, 2022     11,153,908     $ 9.06       3.6      
-
  
                                 
Exercisable, June 30, 2022     11,153,908     $ 9.06       3.6      
-
  

 
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       3.7       2,564,000  
$ 5.28       63,658       2.8       63,658  
$ 7.07       25,000       2.1       25,000  
$ 7.50       2,500,000       4.2       2,500,000  
$ 11.50       6,001,250       3.4       6,001,250  
          11,153,908       3.6       11,153,908