Annual report pursuant to Section 13 and 15(d)

Equity-classified Warrants (Tables)

v3.22.0.1
Equity-classified Warrants (Tables)
12 Months Ended
Dec. 31, 2021
Equity-classified Warrants  
Schedule of assumptions used to estimate the fair value of the warrants granted using the Black-Scholes option pricing method

Estimated fair value of common stock

    

$

8.80

Strike price

$

11.00

Risk-free interest rate

 

0.1

%

Expected term (in years)

 

2.5

Expected volatility

 

64.0

%

Expected dividend yield

 

%

Schedule of details of the outstanding warrants

    

    

Weighted 

    

Remaining

    

Average

Number of

Average

Contractual

Intrinsic

Shares

Exercise Price

Term (years)

 Value

Outstanding at December 31, 2019

 

$

 

$

Granted

 

240,100

 

11.00

 

5.00

 

Outstanding at December 31, 2020

 

240,100

$

11.00

 

4.59

$

6,012,104