Stock Options and Warrants |
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Share-Based Payment Arrangement [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock Options and Warrants |
The Company periodically issues stock options and warrants to employees and non-employees in capital raising transactions, for services, and for financing costs.
Options
Options vest according to the terms of the specific grant and expire from 2 to 10 years from date of grant. The weighted-average, remaining contractual life of employee and non-employee options outstanding at June 30, 2022 was 5.3 years. Stock option activity for the period January 1, 2022 up to June 30, 2022, was as follows:
The weighted average exercise prices, remaining contractual lives for options granted, exercisable, and expected to vest as of June 30, 2022 were as follows:
At June 30, 2022, the aggregate intrinsic value of the options outstanding was $ .
During the six-month period ending June 30, 2021, the Company granted options to purchase 11,000 using the Black-Scholes Option Pricing model with the following assumptions: life of years; risk free interest rate of %; volatility of % to % and dividend yield of %. shares of common stock to a former executive officer under terms of an employment agreement. The options are exercisable at per share, vest monthly over a one-month period, and expire ten years from the date granted. Total fair value of these options at grant date was $
During the six-month periods ended June 30, 2021, the Company recognized compensation costs based on the fair value of options that vested of $ . During the three-month periods ended June 30, 2021, the Company recognized compensation costs based on the fair value of options that vested of $ .
Warrants
The following table summarizes certain information about the Company’s stock purchase warrants activity for the period starting January 1, 2022 up to June 30, 2022.
The weighted average exercise prices, remaining contractual lives for warrants granted, exercisable, and expected to vest as of June 30, 2022 were as follows:
In the six-month period ending June 30, 2022, the Company issued warrants to purchase 27,000 using the Black-Scholes Option Pricing model with the following assumptions: life of ; risk free interest rate of % to %; volatility of % to % and dividend yield of %. During the six-month period ended June 30, 2022, the Company recognized compensation costs based on the fair value of warrants that vested of $ . shares of common stock in exchange for services. The warrants are exercisable at a price range of , vesting up to one month from the date of grant, and expiring two to five years from the date of grant. Total fair value of these warrants at grant date was $
At June 30, 2022, the aggregate intrinsic value of warrants outstanding was $ .
In the six-month period ending June 30, 2021, the Company issued warrants to purchase 6,000 using the Black-Scholes Option Pricing model with the following assumptions: life of years; risk free interest rate of % to %; volatility of % to % and dividend yield of %. During the six-month period ended June 30, 2021, the Company recognized compensation costs based on the fair value of warrants that vested of $ . During the three-month period ended June 30, 2021, the Company recognized compensation costs based on the fair value of warrants that vest of $ . shares of common stock in exchange for services. The warrants are exercisable at a price of , vesting one month from the date of grant and expiring two years from the date of grant. Total fair value of these options at grant date was $
At June 30, 2021, the aggregate intrinsic value of the warrants outstanding was $ . |