v3.23.3
Stockholders’ Equity (Tables)
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Schedule of Warrants

Warrants – The following table summarizes information with regard to the IPO Warrants, and the PIPE Warrants, which includes the Inducement and 2022 Pre-Funded Warrants (together, the “Warrants”) share activity for the year ended December 31, 2022:

 

  

Warrant -

PIPE

  

Warrant -

IPO*

  

Total

Warrants

   Weighted Average Exercise Price 
Balance, December 31, 2020   -    -    -   $- 
Issued   218,214    207,000    425,214    102.57 
Exercised   (75,357)   (132,380)   (207,737)   100.14 
Balance, December 31, 2021   142,857    74,620    217,477    99.69 
Issued   463,686    -    463,686    35.77 
Exercised   (221,307)   -    (221,307)   20.92 
Balance, December 31, 2022   385,236    74,620    459,856   $52.29 

 

  * Every 20 IPO warrants are exercisable for one share of Common Stock at an exercise price of $100.00 per share of Common Stock. For financial statement purposes, the warrant shares have been decreased by a factor of 20 to effectively reflect the 1-for-20 reverse stock split. Refer to Note 26. Subsequent Events – Reverse Stock Split. However, prices reflected on The Nasdaq Stock Market, for ticker BRIW warrants are the presplit price.