Quarterly report pursuant to Section 13 or 15(d)

Stock Warrants

v3.21.2
Stock Warrants
9 Months Ended
Sep. 30, 2021
Stock Warrants  
Stock Warrants

Note 10 – Stock Warrants

A summary of the various changes in warrants during the nine months ended September 30, 2021 is as follows:

September 30, 

    

2021

Warrants Outstanding at December 31, 2020

 

7,276,928

Exercised During the Period

 

(7,274,328)

Issued During the Period

 

Expired During the Period

 

Warrants Outstanding at September 30, 2021

 

2,600

The outstanding warrants as of September 30, 2021, expire on January 2, 2022. The average remaining term of the warrants is approximately 3 months. The exercise price is $4.10 per share.

During the three months ended September 30, 2021 and 2020, there were no warrants exercised.

During the nine months ended September 30, 2021, a total of 7,274,328 warrants were exercised on a cash basis resulting in the issuance of 7,274,328 shares of common stock and proceeds to the Company of $34,705,068. During the nine months ended September 30, 2020, there were no warrants exercised.