Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS AND WARRANTS (Tables)

v3.22.2.2
STOCK OPTIONS AND WARRANTS (Tables)
 9 Months Ended
Sep. 30, 2022
Summary of option award activity and awards outstanding A summary of the option award activity in 2022 and awards outstanding at September 30, 2022 (includes 50,000, 17,845,714 and 4,287,308 options under the 2010 Equity Incentive Plan, the non-plan and the 2020 Plan, respectively) is as follows:
 
 
Shares Under Option
 
 
Weighted Average
Exercise Price
 
 
Weighted Average
Remaining
Contractual Life
(Years)
 
 
Aggregate Intrinsic
Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at December 31, 2020
 
 
19,230,214
 
 
$
0.16
 
 
 
2.81
 
 
$
30,044,649
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Granted
 
 
543,240
 
 
 
5.58
 
 
 
 
 
 
 
-
 
Exercised
 
 
(112,432
)
 
 
0.04
 
 
 
 
 
 
 
616,314
 
Forfeited
 
 
(109,878
)
 
 
5.63
 
 
 
 
 
 
 
-
 
Expired
 
 
(3,624
)
 
 
4.76
 
 
 
 
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at December 31, 2021
 
 
19,547,520
 
 
$
0.36
 
 
 
2.11
 
 
$
87,636,744
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Vested and exercisable at December 31, 2021
 
 
18,743,542
 
 
$
0.25
 
 
 
2.04
 
 
$
85,801,930
 
 
 
 
Shares Under
Option
 
 
Weighted Average
Exercise Price
 
 
Weighted Average
Remaining
Contractual Life
(Years)
 
 
Aggregate Intrinsic
Value
 
Outstanding at December 31, 2021
 
 
19,547,520
 
 
$
0.36
 
 
 
2.11
 
 
$
87,636,744
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Granted
 
 
3,081,203
 
 
 
2.89
 
 
 
 
 
 
 
-
 
Exercised
 
 
(310,500
)
 
 
0.41
 
 
 
 
 
 
 
1,202,500
 
Forfeited
 
 
(133,701
)
 
 
2.67
 
 
 
 
 
 
 
-
 
Expired
 
 
(1,500
)
 
 
0.66
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at September 30, 2022
 
 
22,183,022
 
 
$
0.64
 
 
 
1.71
 
 
$
30,621,739
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Vested and exercisable at September 30, 2022
 
 
19,857,932
 
 
$
0.35
 
 
 
1.36
 
 
$
30,493,059
 
Schedule Of Significant Unobervable Inputs Used In The Measurement Of Fair Value Warrants The Company valued this consideration in accordance with ASC 718,
Compensation – Stock Compensation
, using the Black-Scholes option pricing model, and the following assumptions:
 
Expected Term (in Years)
 
 
6.4
 
Volatility
 
 
65-115
%
Risk Free Rate
 
 
2.89
%
Dividend Yield
 
 
0
 
Continuous Service Based Vesting Condition [Member]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
 
Expected Term (in Years)
 
 
3.2
 
Volatility
 
 
86.89
%
Risk Free Rate
 
 
2.84
%
Dividend Yield
 
 
0
 
Aggregate Grant Date Fair Value
 
$
1.72