Annual report pursuant to Section 13 and 15(d)

EQUITY (Tables)

v3.23.1
EQUITY (Tables)
12 Months Ended
Dec. 31, 2022
EQUITY  
Schedule of activity of warrants outstanding

 

 

 

 

Weighted

 

 

Weighted

 

 

 

Number of

 

 

Average

 

 

Average

 

 

 

shares

 

 

Exercise Price

 

 

Life (years)

 

Outstanding, August 31, 2020

 

 

155,703

 

 

$ 121.80

 

 

 

3.30

 

Granted

 

 

674,667

 

 

 

11.25

 

 

 

5.00

 

Expired

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

(534,769 )

 

 

(11.25 )

 

 

(4.68 )

Outstanding, August 31, 2021

 

 

295,601

 

 

$ 69.45

 

 

 

3.16

 

Granted

 

 

-

 

 

 

-

 

 

 

-

 

Expired

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

Outstanding, December 31, 2021

 

 

295,601

 

 

$ 69.45

 

 

 

2.83

 

Granted

 

 

-

 

 

 

-

 

 

 

-

 

Expired

 

 

(25,548 )

 

 

(125.92 )

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

Outstanding, December 31, 2022

 

 

270,053

 

 

$ 64.16

 

 

 

2.05

 

Schedule of fair value assumptions used to value stock options

 

 

Year Ended

 

 

Four Month Ended

 

 

Year Ended

 

 

 

December 31,

 

 

December 31,

 

 

August 31,

 

 

 

2022

 

 

2021

 

 

2021

 

Expected term

 

 5.50 years

 

 

 6 - 6.25 years

 

 

 5 years

 

Expected average volatility

 

 

153 %

 

144 - 158

%

 

151 - 157

%

Expected dividend yield

 

 

-

 

 

 

-

 

 

 

-

 

Risk-free interest rate

 

 

3.18 %

 

1.13 - 1.15

%

 

0.36 - 0.79

%

Schedule of stock option activity

 

 

Options Outstanding

 

 

Weighted

 

 

 

Number of

 

 

Weighted

Average

 

 

Average

Remaining life

 

 

 

Options

 

 

Exercise Price

 

 

(years)

 

 

 

 

 

 

 

 

 

 

 

Outstanding, August 31, 2020

 

 

18,795

 

 

$ 53.55

 

 

 

8.90

 

Granted

 

 

183,680

 

 

 

34.20

 

 

 

10.00

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited/canceled

 

 

(11,852 )

 

 

(38.55 )

 

 

(8.33 )

Outstanding, August 31, 2021

 

 

190,623

 

 

$ 35.85

 

 

 

9.27

 

Granted

 

 

143,322

 

 

 

9.45

 

 

 

10.00

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited/canceled

 

 

-

 

 

 

-

 

 

 

-

 

Outstanding, December 31, 2021

 

 

333,945

 

 

$ 24.45

 

 

 

9.36

 

Granted

 

 

4,002

 

 

 

4.89

 

 

 

10.00

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited/canceled

 

 

(24,838 )

 

 

(25.69 )

 

 

(8.74 )

Outstanding, December 31, 2022

 

 

313,109

 

 

$ 24.15

 

 

 

8.41

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable options, December 31, 2022

 

 

131,859

 

 

$ 29.35

 

 

 

8.19