Stock Options and Warrants
|3 Months Ended|
Mar. 31, 2022
|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 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 March 31, 2022 was 5.4 years. Stock option activity for the period January 1, 2022 up to March 31, 2022, was as follows:
The weighted average exercise prices, remaining contractual lives for options granted, exercisable, and expected to vest as of March 31, 2022 were as follows:
During the three-month periods ended March 31, 2022 and 2021, the Company recognized compensation costs based on the fair value of options that vested of $and $ respectively.
At March 31, 2022, the aggregate intrinsic value of the options outstanding at March 31, 2021 was $.
The following table summarizes certain information about the Company’s stock purchase warrants activity for the period starting January 1, 2022 up to March 31, 2022.
The weighted average exercise prices, remaining contractual lives for warrants granted, exercisable, and expected to vest as of March 31, 2022 were as follows:
In the three-month period ending March 31, 2022, the Company issued warrants to purchase 24,000 using the Black-Scholes Option Pricing model with the following assumptions shares of common stock in exchange for services. The warrants are exercisable at a price of $0.03 to $0.05, 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 $: life of to years; risk free interest rate of % to %; volatility of % to % and dividend yield of %. During the three-month period ended March 31, 2022, the Company recognized compensation costs based on the fair value of warrants that vested of $ .
At March 31, 2022, the aggregate intrinsic value of warrants outstanding was $.
The entire disclosure for share-based payment arrangement.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef