| 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:
Schedule
of Warrants
| | |
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. |
|