Quarterly report pursuant to Section 13 or 15(d)

Warrants

v3.23.2
Warrants
 6 Months Ended
Jun. 30, 2023
Warrant [Abstract]  
WARRANTS

NOTE 8 – WARRANTS

 

As of June 30, 2023, the fair value of the Public Warrants was approximately $0.02 per Public Warrant based on the closing price of the warrants on The Nasdaq Capital Market. The fair value of the Representative Warrants was approximately $0.02 per Representative Warrant which was based on the relative fair value to the Public Warrants.

 

The following table summarizes the Company’s outstanding warrants:

 

Exercise Price     Number of
warrants		     Weighted-
average
remaining
contractual term
(years)		     Weighted
average exercise
price		  
$ 1.88       2,000,000       4.13          
$ 3.50       8,680,000       3.40          
$ 6.00       276,000       3.22          
$ 6.25       4,400,000       3.22          
          15,356,000       3.44     $ 4.12  

 

No warrants were granted during the three and six months ended June 30, 2023.