v3.22.2.2
Stockholders' Equity (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Stockholders' Equity Note [Abstract]    
Schedule of stock option activity
  

Number of

Options

  

Weighted

Average

Exercise

Price

  

Weighted

Average

Contractual

Life

  

Total

Intrinsic

Value

 
Outstanding at December 31, 2020   950,236   $5.44    8.82      
Granted   383,125    6.04           
Forfeited   (420,625)   5.44           
Outstanding at December 31, 2021   912,736   $4.96    8.34   $1,951,117 
Granted   100,000    8.80    9.95    196,000 
Outstanding at June 30, 2022   1,012,736    5.32    8.05    5,505,984 
Exercisable at June 30, 2022   742,528   $4.52    7.52   $4,629,586 

 

   Number of
Options
   Weighted
Average
Exercise
Price
   Weighted
Average
Contractual
Life
  

Total

Intrinsic Value

 
Outstanding at December 31, 2019   678,750   $6.00    9.48    
 
 
Granted   335,000    5.00           
Exercised   (63,514)   4.08           
Outstanding at December 31, 2020   950,236   $5.44    8.82      
Granted   383,125    6.04           
Forfeited   (420,625)   5.44           
Outstanding at December 31, 2021   912,736   $4.96    8.34   $1,951,117 
Exercisable at December 31, 2021   599,843   $4.28    7.70   $1,685,099 

 

Schedule of options outstanding and exercisable
Exercise Price   Number of
Options Outstanding
   Number of
Options
Exercisable
   Weighted Average
Remaining
Contractual Years
   Intrinsic Value 
$4.04    496,486    496,486    6.93   $3,336,384 
 5.00    166,250    146,043    8.60    957,600 
 5.48    50,000    50,000    8.14    264,000 
 7.00    200,000    50,000    9.41    752,000 
 8.80    100,000    -    9.95    196,000 
$5.32    1,012,736    742,528    8.05   $5,505,984 

 

Exercise Price   Number of
Options
Outstanding
   Number of
Options
Exercisable
   Weighted Average
Remaining
Contractual Years
   Intrinsic Value 
$4.04    496,486    496,489    7.43   $1,509,317 
 5.00    166,250    53,357    9.09    110,983 
 5.48    50,000    40,000    8.63    64,000 
 7.00    200,000    10,000    9.84    800 
$4.96    912,736    2,399,371    8.34   $1,951,117 

 

Schedule of warrants outstanding
   Number   Weighted Average
Price
 
December 31, 2020   848,394   $18.52 
Issued pursuant to Unit Purchase Agreement   2,130,292    9.00 
Issued   57,499    5.56 
December 31, 2021   3,036,185   $11.6 
Issued pursuant to Unit Purchase Agreement   1,661,458    9.00 
Issued   219,600    4.64 
Exercised   (75,000)   0.04 
Expired   (28,407)   12.00 
June 30, 2022   4,813,836   $10.56 

 

   Number   Weighted
Average
Price
 
December 30, 2019   28,407   $12.00 
Issued on Somah acquisition   749,984    20.00 
Issued   70,003    5.52 
December 30, 2020   848,394   $8.52 
Issued pursuant to Unit Purchase Agreement   2,130,292    9.00 
Issued   57,499    5.56 
December 31, 2021   3,036,185   $8.80 

 

Schedule of Share Based Stock Option Valuation Assumptions  
   2021   2020 
Risk-free interest rate   1.09%   0.93%
Volatility   252.08%   241.88%
Exercise price  $6.04   $5.48 
Dividend yield   0%   0%
Forfeiture rate   0%   0%
Expected life (years)   6.38    10.00