Quarterly report pursuant to Section 13 or 15(d)

COMMON STOCK, PREFERRED STOCK AND WARRANTS (Tables)

v3.21.2
COMMON STOCK, PREFERRED STOCK AND WARRANTS (Tables)
 9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
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 Preferred Stock (1)     6,202,861     $ 0.25       October 15, 2021  
Warrants issued in connection with issuance of Series B Preferred Stock to lead investor     475,000     $ 0.45       January 15, 2022  
Warrants issued in connection with the issuance of Series B Preferred Stock to directors     65,714     $ 0.25       October 15, 2021  
Warrants issued to a service provider (2)     750,000     $ 0.22       October 15, 2021  

 

  (1) On September 22, 2021, the Company’s board of directors approved an extension of the expiration date of these Series B warrants from September 30, 2021 to October 15, 2021, and approved a reduction in the exercise price from $0.35 per share to $0.25 per share.

 

  (2) On September 22, 2021, the Company’s board of directors approved an extension of the expiration date of these warrants issued to a service provider from September 30, 2021 to October 15, 2021.