Quarterly report pursuant to Section 13 or 15(d)

Warrants

v3.23.3
Warrants
 9 Months Ended
Sep. 30, 2023
Warrant [Abstract]  
WARRANTS

NOTE 8 – WARRANTS

 

As of September 30, 2023, the fair value of the Public Warrants was approximately $0.01 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 $0.01 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       3.88          
$ 3.50       8,680,000       3.15          
$ 6.00       276,000       2.96          
$ 6.25       4,400,000       2.96          
          15,356,000       3.19     $ 4.12  

 

No warrants were granted, expired/cancelled, or exercised during the three and nine months ended September 30, 2023.