Annual report pursuant to Section 13 and 15(d)

Shareholders' Equity / (Deficit) (Tables)

v3.22.1
Shareholders' Equity / (Deficit) (Tables)
12 Months Ended
Dec. 31, 2021
Warrant  
Schedule of Fair Value of the Warrants Valued at Issuance Using the Black-Scholes Option Pricing Model The Company has classified the warrants as equity in accordance with ASC 815. The fair value of the warrants issued during 2021 were valued at issuance using the Black-Scholes option pricing model with the following assumptions:

 

 

February 8, 2021

Volatility

 

120%

Expected term in years

 

4.99

Dividend rate

 

0%

Risk-free interest rate

 

0.48%

Share price

 

$1.54

Fair value of warrants issued

 

$1.27

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:

 

 

February 10, 2021

Volatility

 

120%

Expected term in years

 

4.98

Dividend rate

 

0%

Risk-free interest rate

 

0.46%

Share price

 

$2.73

Fair value of warrants issued

 

$2.32

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:

 

 

February 12, 2021

Volatility

 

120%

Expected term in years

 

4.99

Dividend rate

 

0%

Risk-free interest rate

 

0.50%

Share price

 

$2.26

Fair value of warrants issued

 

$1.84