NextPlat Corp General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

Equity [Abstract]

Schedule of Exercise of Shares

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

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 three months ended March 31, 2021 is as follows:

Stock Options

	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Balance at January 1, 2021		3,000,044	$	0.47		9.91
Granted		-		-		-
Exercised		-		-		-
Forfeited		-		-		-
Cancelled		-		-		-
Balance outstanding at March 31, 2021		3,000,044	$	0.47		9.66
Options exercisable at March 31, 2021		3,000,044	$	0.47		9.66

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 warrants and changes during the three months ended March 31, 2021 is as follows:

	Number of Warrants		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Balance at January 1, 2021		4,000	$	60.00		0.37
Granted		-		-		-
Exercised		-		-		-
Forfeited		-		-		-
Cancelled		-		-		-
Balance outstanding and exercisable at March 31, 2021		4,000	$	60.00		0.37

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