NextPlat Corp Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2020

The Company withheld newly acquired shares pursuant to the exercise of the Option. The amount of common stock issued is calculated by using [Number of Options Exercising] minus [Exercise Price] * [Number of Options Exercising] divided by [Prior Close OSAT Market Price]. As a result of the exercise 21,619 shares of common stock were issued.

	Options Exercised		Exercise Price		Market Price		Shares withheld as Payment		Common Stock Issued
David Phipps		21,667	$	2.55	$	5.25		10,524		11,143
Other		18,333	$	2.25	$	5.25		7,857		10,476
		40,000						18,381		21,619

Schedule of Exercise of Shares

As a result of the exercise 429,800 shares of common stock were issued.

	Options Exercised		Exercise Price		Market Price		Shares withheld as Payment		Common Stock Issued
David Phipps		400,000	$	0.20	$	0.25		80,000		320,000
Other		131,000	$	0.20	$	0.25		21,200		109,800
		531,000						101,200		429,800

Schedule of Outstanding Stock Options Activities

A summary of the status of the Company’s outstanding stock options and changes during the years ended December 31, 2020 and 2019, is as follows:

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Balance at January 1, 2019		79,044		$	9.90		5.56
Granted		-		$	-		-
Exercised		(40,000	)	$	2.41		4.96
Forfeited		-		$	-		-
Cancelled		-		$	-		-
Balance outstanding at December 31, 2019		39,044		$	17.49		5.16
Options exercisable at December 31, 2019		39,044		$	17.49		5.16
Weighted average fair value of options granted during the period				$	-		-

Balance at January 1, 2020		39,044		$	17.49		5.16
Granted		3,492,000		$	0.24		9.92
Exercised		(531,000	)	$	0.20		9.64
Forfeited		-		$	-		-
Cancelled		-		$	-		-
Balance outstanding at December 31, 2020		3,000,044		$	0.47		9.91
Options exercisable at December 31, 2020		3,000,044		$	0.47		9.91
Weighted average fair value of options granted during the period				$	0.24		9.92

Schedule of Outstanding Stock Warrants Activities

A summary of the status of the Company’s outstanding stock warrants and changes during the years ended December 31, 2020 and 2019, is as follows:

	Number of Warrants		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Balance at January 1, 2019		4,000	$	60.00		2.37
Granted		-		-		-
Exercised		-		-		-
Forfeited
Cancelled		-		-		-
Balance at December 31, 2019		4,000	$	60.00		1.37

Balance at January 1, 2020		4,000	$	60.00		1.37
Granted		-		-		-
Exercised		-		-		-
Forfeited		-		-		-
Cancelled		-		-		-
Balance outstanding at December 31, 2020		4,000	$	60.00		0.37