Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Deficit (Tables)

v3.23.2
Stockholders' Deficit (Tables)
6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Schedule of share based compensation stock warrant activity
 

Exercise Price

 

Expiration Date

 

Balance as of December 31, 2022


  Issued

  Exercised 
    Expired
   

Balance as of

June 30, 2023

 
2019 Public Warrants (1)
$ 230.00   6/19/2024     5,813,804    
         
      5,813,804  
2022 Unit Offering 
                 
             
       
 
     Common Warrants (2)
$ 0.37   6/29/2027     43,478,261    
         
      43,478,261  
     Underwriter Warrants (2)
$ 0.37   6/29/2027     2,173,913    
         
      2,173,913  
 
            51,465,978    
       
      51,465,978  

(1) The 2019 Public Warrants are exercisable for 290,690 shares of Common Stock at $230.00 per share or a ratio of 20 warrants for one share of Common Stock.

(2) In connection with the PIPE Investment, the exercise price of the Common Warrants and Underwriter Warrants was reduced from $0.88 per shares to $0.37 per share and are exercisable for a combined amount of 2,282,609 shares of Common Stock at $0.37 per share or a ratio of 20 warrants for one share of Common Stock.