Quarterly report pursuant to Section 13 or 15(d)

Warrant Liability (Tables)

v3.21.2
Warrant Liability (Tables)
6 Months Ended
Jun. 30, 2021
Warrant Liability  
Schedule of warrant liability

Future

Estimated

Warrant

Time to

Calculated

Quarterly

Exercise

Expiration

Interest Rate

Volatility

Maturity

fair value

Dividend

Black -Scholes Assumptions

    

Price(1)(2)

    

Date (1)(2)

    

Stock Price (3)

    

(annual) (4)

(annual) (5)

(Years)

    

per share

    

per share(6)

March 11, 2021

$

0.125 – 0.15

March 11, 2024

$

0.10

0.17

%  

172.54

%  

5.0

$

0.0093 - 0.0094

$

February 3, 2021

$

0.08

February 3, 2024

$

0.08

0.18

%  

171.71

%  

3.0

$

0.0690703

$

December 24, 2020

$

0.08

December 24, 2020

$

0.08

0.17

%  

172.54

%  

3.0

$

0.0692188

$

March 18, 2020

$

0.04

March 18, 2020

$

0.04

0.66

%  

137.41

%  

3.0

$

0.0307299

$

September 10, 2019

$

0.014

September 10, 2022

$

0.014

1.61

%  

139.84

%  

3.0

$

0.01091

$

November 6, 2019

$

0.014

November 6, 2022

$

0.014

1.60

%  

138.48

%  

3.0

$

0.01095

$

Significant inputs into the model at the reporting period measurement dates are as follows:

    

    

Future

Estimated

Warrant

Time to

Calculated

Quarterly

Exercise

Expiration

Interest Rate

Volatility

Maturity

fair value

Dividend

Black-Scholes Assumptions

    

Price(1)(2)

    

Date (1)(2)

Stock Price (3)

(annual) (4)

(annual) (5)

    

(Years)

    

per share

    

per share(6)

June 30, 2021

$

0.125 – 0.15

March 11, 2024

$

0.10

0.87

%  

170.53

%  

4.70

$

0.0093 - 0.0094

$

June 30, 2021

$

0.08

February 3, 2024

$

0.08

0.87

%  

170.53

%  

4.70

$

0.0692188

$

June 30, 2021

$

0.08

December 24, 2020

$

0.08

0.25

%  

170.53

%  

2.60

$

0.0692188

$

June 30, 2021

$

0.04

 

March 18, 2020

$

0.04

0.25

%  

170.53

%  

 

2.48

$

0.0307299

$

June 30, 2021

$

0.014

 

September 10, 2022

$

0.014

0.07

%  

170.53

%  

 

1.72

$

0.01091

$

June 30, 2021

$

0.014

 

November 6, 2022

$

0.014

0.07

%  

170.53

%  

 

1.20

$

0.01095

$

    

    

    

Future

Estimated

Warrant

Interest

Time to

Calculated

Quarterly

Exercise

Expiration

Stock

Rate

Volatility

Maturity

fair value

Dividend

Black-Scholes Assumptions

Price(1)(2)

Date (1)(2)

Price (3)

(annual) (4)

(annual) (5)

(Years)

per share

per share(6)

December 31, 2020

$

0.08

December 24, 2020

$

0.08

0.17

%  

172.38

%  

2.98

$

0.0692188

$

December 31, 2020

$

0.04

March 18, 2023

$

0.04

0.13

%  

172.38

%  

2.21

$

0.0307299

$

December 31, 2020

$

0.014

September 10, 2022

$

0.014

0.13

%  

172.38

%  

1.85

$

0.01091

$

December 31, 2020

$

0.014

 

November 6, 2022

$

0.014

1.13

%  

172.38

%  

1.69

$

0.01095

$

(1) Based on the terms provided in the warrant agreement related to the issuance of common stock of on March 11th, 2021
(2) Based on the terms provided in the warrant agreement related to the issuance of common stock of on February  3rd, 2021
(3) Based on the terms provided in the warrant agreement related to the issuance of common stock of on December 24th, 2020
(4) Based on the terms provided in the warrant agreement related to the issuance of common stock of on March 18th, 2020
(5) Based on the terms provided in the warrant agreement related to the issuance of common stock of on September 10th, 2019
(6) Based on the terms provided in the warrant agreement related to the issuance of common stock of on November 6th, 2019
(7) Based on the observable transaction value of common stock of per the most recent stock issuance financing agreements.
(8) Interest rate for U.S. Treasury Bonds, as of the issuance dates and each presented period ending date, as published by the U.S. Federal Reserve.
(9) Based on the historical daily volatility of Guideline Public Companies and each presented period ending date.
(10) Current estimated dividend payments beyond initial four quarters. At a future date, the company will review the working capital needs and make a final determination of any future dividend payments.

The warrants outstanding and fair values at each of the respective valuation dates are summarized below:

    

Warrants  

    

Fair Value 

    

Warrant Liability

Outstanding

per Share

Fair Value

Fair Value as of period ending 12/31/19

 

5,250,000

$

0.01086

$

56

Fair Value at initial measurement date

1,805,000

$

0.03616

$

65

Change in fair value of warrant liability

 

2

Fair Value as of period ending 12/31/20

7,055,000

$

123

Fair Value at initial measurement dates

 

1,460,000

$

0.08273

$

130

Change in fair value of warrant liability

 

 

 

(8)

Fair Value as of period ending 6/30/2021

 

8,515,000

$

245