| SCHEDULE OF OUTSTANDING WARRANTS |
At
December 31, 2022, the outstanding warrants consisted of the following:
SCHEDULE OF OUTSTANDING WARRANTS
| Date Issued |
|
Number of Warrants |
|
|
Exercise Price |
|
|
Expiration Date |
| April 1, 2020 |
|
|
2,462,600 |
|
|
$ |
0.125 |
|
|
April 1, 2030 |
| April 1, 2020 |
|
|
462,600 |
|
|
$ |
0.500 |
|
|
April 1, 2030 |
| March 30, 2020 |
|
|
350,000 |
|
|
$ |
1.250 |
|
|
March 30, 2025 |
| August 17, 2020 |
|
|
134,000 |
|
|
$ |
1.250 |
|
|
August 17, 2025 |
| March 15, 2022 |
|
|
250,000 |
|
|
$ |
0.500 |
|
|
March 15, 2027 |
| March 21, 2022 |
|
|
250,000 |
|
|
$ |
0.500 |
|
|
March 21, 2027 |
| March 22, 2022 |
|
|
250,000 |
|
|
$ |
0.500 |
|
|
March 22, 2027 |
| March 24, 2022 |
|
|
600,000 |
|
|
$ |
0.500 |
|
|
March 24, 2027 |
| |
|
|
4,759,200 |
|
|
|
|
|
|
|
|
| SUMMARY OF WARRANTS ACTIVITY |
A
summary of the warrant activity during the year ended December 31, 2022 is presented below:
SUMMARY
OF WARRANTS ACTIVITY
| |
|
Number of Warrants |
|
|
Weighted Average Exercise Price
|
|
|
Weighted Average Remaining Contractual Term (years)
|
|
| Outstanding at January 1, 2022 |
|
|
3,409,200 |
|
|
$ |
0.34 |
|
|
|
7.6 |
|
| Granted |
|
|
1,350,000 |
|
|
$ |
0.50 |
|
|
|
5.0 |
|
| Outstanding at December 31, 2022 |
|
|
4,759,200 |
|
|
$ |
0.38 |
|
|
|
5.9 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable at December 31, 2022 |
|
|
4,759,200 |
|
|
$ |
0.38 |
|
|
|
5.9 |
|
|