Quarterly report pursuant to Section 13 or 15(d)

Capitalization and Equity Structure (Tables)

v3.22.2
Capitalization and Equity Structure (Tables)
 6 Months Ended
Jun. 30, 2022
Stockholders' Equity Note [Abstract]  
Schedule of Warrant share activity
Warrants outstanding as of June 30, 2022 and December 31, 2021 were as follows:  
Source Exercise
Price		 Term
(Years)		 December 31, 2021 Issued Exercised June 30, 2022
2021 Warrants $ 12.81  5 273  —  —  273 
June 2020 Investor Warrants $ 5.18  5.5 127  —  —  127 
June 2020 Placement Agent Warrants $ 5.64  5 39  —  —  39 
December 2019 Warrants $ 8.10  5 556  —  —  556 
December 2019 Placement Agent Warrants $ 8.44  5 52  —  —  52 
May 2019 Warrants $ 3.52  5 193  —  —  193 
  1,240  —  —  1,240 
Schedule of assumption used in valuation The following assumptions were used in the Black-Scholes Model to measure the fair value of the 2021 Warrants:
June 30, 2022 December 31, 2021
Current share price $ 1.65  $ 2.65 
Conversion price $ 12.81  $ 12.81 
Risk-free interest rate 3  % 1.13  %
Expected term (years) 3.61 4.11
Volatility of stock 97.5  % 98.3  %
The following assumptions were used in the Black-Scholes Model to measure the fair value of the June 2020 Investor Warrants:
June 30, 2022 December 31, 2021
Current share price $ 1.65  $ 2.65 
Conversion price $ 5.18  $ 5.18 
Risk-free interest rate 2.99  % 1.11  %
Expected term (years) 3.45 3.94
Volatility of stock 98.3  % 103.9  %
The following assumptions were used in the Black-Scholes Model to measure the fair value of the June 2020 Placement Agent Warrants:
June 30, 2022 December 31, 2021
Current share price $ 1.65  $ 2.65 
Conversion price $ 5.64  $ 5.64 
Risk-free interest rate 2.99  % 1.03  %
Expected term (years) 2.95 3.44
Volatility of stock 102  % 100  %
The following assumptions were used in the Black-Scholes Model to measure the fair value of the December 2019 Warrants:
June 30, 2022 December 31, 2021
Current share price $ 1.65  $ 2.65 
Conversion price $ 8.10  $ 8.10 
Risk-free interest rate 2.99  % 1.04  %
Expected term (years) 2.97 3.47
Volatility of stock 101.6  % 99.7  %
The following assumptions were used in the Black-Scholes Model to measure the fair value of the December 2019 Placement Agent Warrants:
June 30, 2022 December 31, 2021
Current share price $ 1.65  $ 2.65 
Conversion price $ 8.44  $ 8.44 
Risk-free interest rate 2.95  % 0.96  %
Expected term (years) 2.47 2.97
Volatility of stock 104.5  % 102.9  %
The following assumptions were used in the Black-Scholes Model to measure the fair value of the May 2019 Warrants:
June 30, 2022 December 31, 2021
Share price $ 1.65  $ 2.65 
Conversion price $ 3.52  $ 3.52 
Risk-free interest rate 2.91  % 0.83  %
Expected term (years) 1.9 2.4
Volatility of stock 75.8  % 109.1  %