Quarterly report pursuant to Section 13 or 15(d)

Common Stock, Preferred Stock and Warrants (Tables)

v3.21.1
Common Stock, Preferred Stock and Warrants (Tables)
 3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
Schedule of Issued Shares of Common Stock

In the three month period ended March 31, 2021, the Company issued shares of common stock as follows:

 

Stock based compensation for services     250,000  
Conversions of debentures and accrued expenses     632,995  
Conversion of Bridge Notes     6,627,692  
Conversion of Series A Preferred Stock     750,000  
Total Common Shares issued in the first quarter of 2021     8,260,687  
Summary of All Outstanding Common Stock Warrants

The following is a summary of all outstanding common stock warrants as of March 31, 2021:

 

    Number of
Warrants		     Exercise price
per share		     Average
remaining
term in years		  
Warrants issued in connection with issuance of Series B Preferred Stock     6,202,861     $ 0.35       0.25  
Warrants issued in connection with issuance of Series B Preferred Stock to lead investor     475,000     $ 0.45       0.80  
Warrants issued in connection with the issuance of Series B Preferred Stock to directors     65,714     $ 0.35       0.25  
Warrants issued to service provider     750,000     $ 0.22       0.25