Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.21.1
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2020
Schedule of Fair Value Assumptions of Warrants

The following assumptions were used to determine the fair value of the September Warrants:

 

    As of September 25, 2020  
Dividend               - %
Risk Free Rate     0.30 %
Stock Price   $ 2.90  
Strike Price   $ 3.19  
Term     5.00  
Volatility     102 %
Schedule of Warrant Activity

A summary of the Company’s warrants to purchase common stock activity is as follows:

 

    Shares Underlying Warrants     Weighted Average Exercise Price     Weighted Average Remaining Contractual Term (in years)  
Outstanding at December 31, 2018     128,977     $ 7.33       4.22  
Granted     332,670       7.33          
Exercised     -                  
Cancellations     -                  
Forfeitures     -                  
Outstanding at December 31, 2019     461,647     $ 7.33       4.22  
Assumed as part of the Merger     413,450       14.11          
Granted     7,728,872       3.2          
Exercised     (5,092,806 )     0.86          
Expired     (10,149 )     145.2          
Outstanding at December 31, 2020     3,501,014     $ 8.03       2.87  
Convertible Preferred Stock Series H [Member]  
Schedule of Payment of Preferred Stock

As of December 31, 2020, such payment would be calculated as follows:

 

Number of Series H Preferred Stock outstanding as of December 31, 2020     8  
Multiplied by the stated value   $ 154.00  
Equals the gross stated value   $ 1,232  
Divided by the conversion price   $ 184.80  
Equals the convertible shares of Company Common Stock     7  
Multiplied by the fair market value of Company Common Stock as of December 31, 2020   $ 6.08  
Equals the payment   $ 43  
Convertible Preferred Stock Series H-3 [Member]  
Schedule of Payment of Preferred Stock

As of December 31, 2020, such payment would be calculated as follows:

 

Number of Series H-3 Preferred Stock outstanding as of December 31, 2020     1,234  
Multiplied by the stated value   $ 138.00  
Equals the gross stated value   $ 170,292  
Divided by the conversion price   $ 165.60  
Equals the convertible shares of Company Common Stock     1,028  
Multiplied by the fair market value of Company Common Stock as of December 31, 2020   $ 6.08  
Equals the payment   $ 6,250  
Convertible Preferred Stock Series H-6 [Member]  
Schedule of Payment of Preferred Stock

As of December 31, 2020, such payment would be calculated as follows:

 

Number of Series H-6 Preferred Stock outstanding as of December 31, 2020     50  
Multiplied by the stated value   $ 72.00  
Equals the gross stated value   $ 3,600  
Divided by the conversion price   $ 2.50  
Equals the convertible shares of Company Common Stock     1,440  
Multiplied by the fair market value of Company Common Stock as of December 31, 2020   $ 6.08  
Equals the payment   $ 8,755