Annual report pursuant to Section 13 and 15(d)

STOCKHOLDERS??? EQUITY (Tables)

v3.22.1
STOCKHOLDERS’ EQUITY (Tables)
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
SCHEDULE OF OUTSTANDING STOCK WARRANTS ACTIVITIES

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  
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, 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