| SCHEDULE OF ISSUED SHARES OF COMMON STOCK |
In
2021 and 2020, the Company issued 44,696,923 and 17,392,343 shares of common stock, respectively, as follows:
SCHEDULE OF
ISSUED SHARES OF COMMON STOCK
| |
|
|
|
|
|
|
|
|
| |
|
For
the Years Ended December 31, |
|
| |
|
2021 |
|
|
2020 |
|
| Conversion
of bridge notes and accrued interest to common stock |
|
|
6,627,692 |
|
|
|
13,312,175 |
|
| Conversion
of debentures and accrued expenses |
|
|
632,995 |
|
|
|
218,686 |
|
| Conversion
of accrued salary and bonus, directors fees, and promissory notes with related parties |
|
|
- |
|
|
|
2,111,482 |
|
| Conversion
of Series A Stock to common stock |
|
|
750,000 |
|
|
|
- |
|
| Conversion
of Series B Stock to common stock |
|
|
6,525,378 |
|
|
|
- |
|
| Exercise
of Series B Warrants to common stock |
|
|
1,871,430 |
|
|
|
- |
|
|
Exchange
of Series E-1 Stock to common stock |
|
|
28,839,428 |
|
|
|
- |
|
| Stock
based compensation for services |
|
|
1,450,000 |
|
|
|
1,750,000 |
|
| Total
Common Shares issued |
|
|
44,696,923 |
|
|
|
17,392,343 |
|
|
| SCHEDULE OF WARRANT ACTIVITY |
A
summary of warrant activity and related information during the years ended December 31, 2021 and 2020 is as follows:
SCHEDULE
OF WARRANT ACTIVITY
| |
|
Warrants |
|
|
Weighted
Average
Exercise
Price |
|
|
Aggregate
Intrinsic Value |
|
| Outstanding as of December 31, 2019 |
|
|
126,154 |
|
|
$ |
0.22 |
|
|
$ |
- |
|
| Issued |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Exercised |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Expired |
|
|
80,000 |
|
|
|
- |
|
|
|
- |
|
| Outstanding as of December 31, 2020 |
|
|
46,154 |
|
|
$ |
0.22 |
|
|
$ |
- |
|
| Issued |
|
|
8,501,908 |
|
|
|
0.29 |
|
|
|
- |
|
| Exercised |
|
|
1,871,432 |
|
|
|
0.25 |
|
|
|
- |
|
| Expired |
|
|
5,193,297 |
|
|
|
0.25 |
|
|
|
- |
|
| Outstanding as of December 31, 2021 |
|
|
1,483,333 |
|
|
$ |
0.49 |
|
|
$ |
- |
|
|
| SCHEDULE OF STOCKHOLDERS' EQUITY NOTE, WARRANTS OR RIGHTS |
The
following is a summary of the outstanding common stock warrants as of December 31, 2021:
SCHEDULE OF STOCKHOLDERS' EQUITY NOTE, WARRANTS OR RIGHTS
| |
|
Number of
Warrants |
|
|
Exercise price
per share |
|
|
Expiration
Date |
| Warrants issued in connection with issuance of Series B Stock to lead
investor |
|
|
475,000 |
|
|
$ |
0.25 |
|
|
January 15, 2022 |
| Warrants issued in connection with convertible notes |
|
|
1,008,333 |
|
|
$ |
0.60 |
|
|
October 31, 2022 |
| Total Outstanding as of December 31, 2021 |
|
|
1,483,333 |
|
|
|
|
|
|
|
|