| SCHEDULE OF STOCK OPTIONS ACTIVITY |
A
summary of our stock option activity for the six months ended June 30, 2024 and 2023, is as follows:
SCHEDULE
OF STOCK OPTIONS ACTIVITY
| | |
Number of Shares | | |
Weighted Average Exercise Price | | |
Weighted average Remaining Contractual Term | |
| Outstanding at December 31, 2022 | |
| 3,216,408 | | |
$ | 6.48 | | |
| 8.06 | |
| Granted | |
| 68,080 | | |
| 10.42 | | |
| 10.00 | |
| Exercised | |
| - | | |
| - | | |
| - | |
| Forfietures | |
| (15,473 | ) | |
| 10.42 | | |
| 9.50 | |
| Outstanding at June 30, 2023 | |
| 3,269,015 | | |
| 6.59 | | |
| 7.64 | |
| | |
Number of Shares | | |
Weighted Average Exercise Price | | |
Weighted average Remaining Contractual Term | |
| Outstanding at December 31, 2023 | |
| 3,659,015 | | |
$ | 6.14 | | |
| 7.37 | |
| Granted | |
| - | | |
| - | | |
| - | |
| Exercised | |
| - | | |
| - | | |
| - | |
| Forfietures | |
| - | | |
| - | | |
| - | |
| Outstanding at June 30, 2024 | |
| 3,659,015 | | |
$ | 6.14 | | |
| 6.87 | |
| | |
| | | |
| | | |
| | |
| Exercisable at June 30, 2024 | |
| 3,265,402 | | |
$ | 6.91 | | |
| 6.70 | |
|
A
summary of our stock option activity for the years ended December 31, 2023 and 2022, is as follows:
SCHEDULE
OF STOCK OPTIONS ACTIVITY
| | |
Number
of Shares | | |
Weighted
Average Exercise Price | | |
Weighted
average Remaining Contractual Term | |
| Outstanding
at December 31, 2021 | |
| 2,932,392 | | |
$ | 6.09 | | |
| 8.93 | |
| Granted | |
| 284,016 | | |
| 10.42 | | |
| 10.00 | |
| Exercised | |
| - | | |
| - | | |
| - | |
| Forfeitures | |
| - | | |
| - | | |
| - | |
| Outstanding
at December 31, 2022 | |
| 3,216,408 | | |
| 6.48 | | |
| 8.06 | |
| Granted | |
| 458,080 | | |
| 3.91 | | |
| 10.00 | |
| Exercised | |
| - | | |
| - | | |
| - | |
| Forfeitures | |
| (15,473 | ) | |
| (10.42 | ) | |
| - | |
| Outstanding
at December 31, 2023 | |
| 3,659,015 | | |
$ | 6.19 | | |
| 7.40 | |
| | |
| | | |
| | | |
| | |
| Exercisable
at December 31, 2023 | |
| 2,943,807 | | |
$ | 7.64 | | |
| 7.10 | |
|
| SCHEDULE OF OUTSTANDING WARRANTS |
The
number of outstanding warrants issued by the Company as of June 30, 2024 is as follows:
SCHEDULE
OF OUTSTANDING WARRANTS
| Warrant | |
Expiration
Date | |
Exercise
Price | | |
Number Outstanding | |
| JTAIW Warrants | |
8/11/2028 | |
$ | 11.50 | | |
| 15,608,554 | |
| JTAIZ Warrants | |
8/11/2033 | |
$ | 15.00 | | |
| 7,433,405 | |
| GEM Warrants | |
8/11/2026 | |
$ | 8.40 | | |
| 2,179,447 | |
| Total | |
| |
| | | |
| 25,221,406 | |
|
Number
of outstanding warrants as of December 31, 2023 is as follows:
SCHEDULE
OF OUTSTANDING WARRANTS
| Warrant | |
Expiration
Date | |
Exercise
Price | | |
Number
Outstanding | |
| JTAIW Warrants | |
8/11/2028 | |
$ | 11.50 | | |
| 16,362,149 | |
| JTAIZ Warrants | |
8/11/2033 | |
$ | 15.00 | | |
| 7,433,405 | |
| GEM Warrants | |
8/11/2026 | |
$ | 8.40 | | |
| 2,179,447 | |
| Total | |
| |
| | | |
| 25,975,001 | |
|