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

STOCKHOLDERS’ EQUITY (Tables)

12 Months Ended

Dec. 31, 2021

A summary of the status of the Company’s total outstanding warrants and changes during the year ended December 31, 2021 is as follows:

	Number of Warrants			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Balance at January 1, 2020		800		$	300.00		2.37
Granted		-			-		-
Exercised		-			-		-
Forfeited		-			-		-
Cancelled		-			-		-
Balance outstanding and exercisable at December 31, 2020		800		$	300.00		1.37

Balance at January 1, 2021		800		$	300.00		1.37
Granted		3,456,000			-		-
Exercised		(925,908	)		-		-
Forfeited		-			-		-
Cancelled		(800	)		-		-
Balance outstanding and exercisable at December 31, 2021		2,530,092		$	5.00		4.42

A summary of the status of the Company’s outstanding stock options and changes during the years ended December 31, 2021 and 2020, is as follows:

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Balance at January 1, 2020		7,809		$	87.45		5.16
Granted		698,400		$	1.20		9.92
Exercised		(106,200	)	$	1.00		9.64
Forfeited		-		$	-		-
Cancelled		-		$	-		-
Balance outstanding at December 31, 2020		600,009		$	2.35		9.91
Options exercisable at December 31, 2020		600,009		$	2.35		9.91
Weighted average fair value of options granted during the period				$	1.20		9.92

Balance at January 1, 2021		600,009		$	2.35		9.91
Granted		400,000		$	2.22		5.32
Exercised		(19,200	)	$	-		-
Forfeited		(917	)	$	-		-
Cancelled		(50,000	)	$	-		-
Balance outstanding at December 31, 2021		929,892		$	3.53		5.32
Options exercisable at December 31, 2021		929,892		$	3.53		5.32
Weighted average fair value of options granted during the period				$	2.22		5.32