Annual report pursuant to Section 13 and 15(d)

Shareholders' (Deficit) / Equity (Tables)

v3.20.4
Shareholders' (Deficit) / Equity (Tables)
12 Months Ended
Dec. 31, 2020
Schedule of Financial Assets Measured at Fair Value

The following table presents information about the Company’s financial assets that were carried at fair value on a recurring basis on the consolidated balance sheet as of December 31, 2020 and December 31, 2019 and indicates the fair value hierarchy of the valuation inputs utilized to determine such fair value.

 

December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Other assets – advance payment to supplier

 

 

3,357

 

 

 

 

 

 

 

 

 

3,357

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Other assets – advance payment to supplier

 

 

3,884

 

 

 

 

 

 

 

 

 

3,884

 

          

Warrant  
Schedule of Financial Assets Measured at Fair Value

The Company has classified the warrants as equity in accordance with ASC 815. The fair value of the warrants were valued at issuance using the Black-Scholes option pricing model with the following assumptions: 

 

 

June 5, 2020

Volatility

 

120%

Expected term in years

 

2.50 - 2.75

Dividend rate

 

0%

Risk-free interest rate

 

0.47%

Share price

 

$1.53

Fair value of warrants issued

 

$0.92 -$1.03

The Company has classified the warrants as equity in accordance with ASC 815. The fair value of the warrants were valued at issuance using the Black-Scholes option pricing model with the following assumptions:

 

 

July 02, 2020

Volatility

 

120%

Expected term in years

 

2.50 - 2.75

Dividend rate

 

0%

Risk-free interest rate

 

0.29%

Share price

 

$1.19

Fair value of warrants issued

 

$0.69 -$0.78

The Company has classified the warrants as equity in accordance with ASC 815. The fair value of the warrants were valued at issuance using the Black-Scholes option pricing model with the following assumptions:

 

 

October 27, 2020

Volatility

 

120%

Expected term in years

 

5.00

Dividend rate

 

0%

Risk-free interest rate

 

0.34%

Share price

 

$0.49

Fair value of warrants issued

 

$0.36 -$0.38