Quarterly report pursuant to Section 13 or 15(d)

Warrants

v3.22.2.2
Warrants
6 Months Ended
Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
WARRANTS

NOTE 11 – WARRANTS

 

As described in Note 6, pursuant to issuance convertible notes payable to investors, the Company issued warrants to purchase an aggregate of 1,373,861 shares of the Company’s Common Stock at an exercise price $0.058 per share during 2018 - 2021. The Company has recognized an expense for these services within general and administrative expense in the accompanying Statements of Operations in the years of warrants issuance of approximately $0 and $33,154 for the six months ended June 30, 2022 and 2021, respectively.

 

On September 1, 2018, the Company issued warrant to investor to purchase an aggregate of 527,921 shares of the Company’s Common Stock at an exercise price of $0.058 per share.

 

On January 3, 2020, the Company issued warrants to Fastnet Advisors, LLC. to purchase an aggregate of 96,951 shares of the Company’s Common Stock at an exercise price of $0.058 per share. On December 14, 2020, the Company issued warrants to an outside consultant to purchase an aggregate of 102,178 shares of the Company’s Common Stock at an exercise price of $0.058 per share.

 

On June 25, 2021, the Company issued warrants to related party to purchase an aggregate of 1,368,762 shares of the Company’s Common Stock at an exercise price of $1.1717 per share. The issuance of warrants resulted in a loss on modification of debt of $2,385,204. (refer to Note 6). On June 25, 2021, the Company issued warrants to Gold Blaze Limited Vista Corporate Services to purchase an aggregate of 426,730 shares of the Company’s Common Stock at an exercise price of $1.1717 per share. On June 25, 2021, the Company issued warrants to HT Investments MA LLC to purchase an aggregate of 4,267,304 shares of the Company’s Common Stock at an exercise price of $1.1717 per share. On September 27, 2021, the Company issued warrants to Dr. Harold Parnes to purchase an aggregate of 1,024,153 shares of the Company’s Common Stock at an exercise price of $1.1717 per share. On September 27, 2021, the Company issued warrants to Steve Schrader to purchase an aggregate of 113,510 shares of the Company’s Common Stock at an exercise price of $1.1717 per share.

 

On February 28, 2022, the Company issued warrants to Gold Blaze Limited Vista Corporate Services to purchase an aggregate of 94,829 shares of the Company’s Common Stock at an exercise price of $1.1717 per share. On February 28, 2022, the Company issued warrants to Zygote Ventures to purchase an aggregate of 94,829 shares of the Company’s Common Stock at an exercise price of $1.1717 per share. On February 28, 2022, the Company issued warrants to Garrett Gruener to purchase an aggregate of 379,316 shares of the Company’s Common Stock at an exercise price of $1.1717 per share. On March 23, 2022, the Company issued warrants to GHS Investments LLC to purchase an aggregate of 60,000 shares of the Company’s Common Stock at an exercise price of $2.0587 per share.

 

On April 26, 2022, the Company issued warrants to Garrett Gruener to purchase an aggregate of 782,340 shares of the Company’s Common Stock at an exercise price of $1.1717 per share. On May 25, 2022, the Company issued warrants to Garrett Gruener to purchase an aggregate of 504,964 shares of the Company’s Common Stock at an exercise price of $1.1717 per share. On June 22, 2022, the Company issued warrants to Garrett Gruener to purchase an aggregate of 469,404 shares of the Company’s Common Stock at an exercise price of $1.1717 per share.

 

As of June 30, 2022 all warrants remain outstanding.

 

The following represents a summary of the Warrants outstanding at June 30, 2022, and changes during the period then ended:

 

          Weighted
Average
 
    Warrants     Exercise
Price
 
Outstanding at December 31, 2020     2,002,622     $ 0.0581  
Granted with exercise price $0.058     122,065     $ 0.0581  
BTHE warrants     222,302     $ 1.7300  
Granted with exercise price $1.1717     7,200,459     $ 1.1717  
Exercised/Expired/Forfeited    
-
     
-
 
Outstanding at December 31, 2021     9,547,448     $ 0.9369  
Granted with exercise price $1.1717     2,325,681     $ 1.1717  
Granted with exercise price $2.0587     60,000     $ 2.0587  
Exercised/Expired/Forfeited    
-
     
-
 
Outstanding at June 30, 2022     11,933,129     $ 0.9883