Quarterly report pursuant to Section 13 or 15(d)

COMMON STOCK, PREFERRED STOCK AND WARRANTS (Tables)

v3.22.2.2
COMMON STOCK, PREFERRED STOCK AND WARRANTS (Tables)
 9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
SCHEDULE OF ISSUED SHARES OF COMMON STOCK

In the three month period ended September 30 2022, the Company issued the following shares of common stock:

 

         
Stock based compensation for services     30,000  
Issuance of common stock for cash     205,556  
Total common stock issued during the three months ended September 30, 2022     235,556  

 

In the three month period ended September 30 2021, the Company issued the following shares of common stock:

 

         
Issuance of common stock for conversion of Series B Preferred stock     163,134  
Issuance of common stock for services performed     17,500  
Total common stock issued during the three months ended September 30, 2022     180,634  

 

During the nine months ended September 30, 2022, the Company issued the following shares of common stock:

 

         
Stock based compensation for services     48,750  
Stock based compensation for services performed by one prior Director     10,000  
Conversions of debentures     5,469  
Issuance of Common stock for cash     205,556  
Total common stock issued during the nine months ended September 30, 2022     269,775  

 

During the nine months ended September 30, 2021, the Company issued the following shares of common stock:

 

         
Stock based compensation for services     23,750  
Conversions of debentures and accrued expenses     15,825  
Conversion of Bridge Notes     165,692  
Conversion of Series A Stock     18,750  
Conversion of Series B Stock     163,134  
Total common stock issued during the nine months ended September 30, 2021     387,151  
SUMMARY OF ALL OUTSTANDING COMMON STOCK WARRANTS

The following is a summary of all outstanding common stock warrants as of September 30, 2022:

 

    Number of
Warrants		     Exercise price
per share		     Average remaining term in years
                 
Warrants issued in connection with issuance of Series B Preferred Stock to lead investor     11,875     $ 10.00     0.29
Warrants issued in connection with convertible notes     25,208     $ 24.00     0.8
Warrants issued in connection with the issuance of Common Stock     205,556     $ 6.00     2.00