Annual report pursuant to Section 13 and 15(d)

Warrant Liabilities (Tables)

v3.22.4
Warrant Liabilities (Tables)
12 Months Ended
Dec. 31, 2022
Warrant Liabilities  
Schedule of Warrant Liability Activity

Warrant Liability Activity

 

September

2018

Warrants

 

 

August

2020

Warrants

 

 

February 2021

Warrants

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

 

575

 

 

 

-

 

 

 

-

 

 

 

575

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrants issued

 

 

-

 

 

 

860

 

 

 

-

 

 

 

860

 

Mark to market revaluation loss (gain)

 

 

161

 

 

 

519

 

 

 

-

 

 

 

680

 

Effects for foreign exchange rate changes

 

 

(7 )

 

 

36

 

 

 

-

 

 

 

29

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2020

 

 

729

 

 

 

1,415

 

 

 

-

 

 

 

2,144

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrants issued

 

 

-

 

 

 

-

 

 

 

2,604

 

 

 

2,604

 

Warrants exercised

 

 

(3,961 )

 

 

(388 )

 

 

(97 )

 

 

(4,446 )

Mark to market revaluation gain

 

 

3,227

 

 

 

1,020

 

 

 

1,751

 

 

 

5,998

 

Effects for foreign exchange rate changes

 

 

5

 

 

 

(20 )

 

 

(22 )

 

 

(37 )

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

 

-

 

 

 

2,027

 

 

 

4,236

 

 

 

6,263

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrants exercised

 

 

-

 

 

 

(1,790 )

 

 

-

 

 

 

(1,790 )

Mark to market revaluation gain

 

 

-

 

 

 

(215 )

 

 

(1,620 )

 

 

(1,835 )

Effects for foreign exchange rate changes

 

 

-

 

 

 

(22 )

 

 

(234 )

 

 

(256 )

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2022

 

 

-

 

 

 

-

 

 

 

2,382

 

 

 

2,382

 

Schdule of warrant liability duration

Warrant Liability Duration

 

February 2021

Warrants

 

 

 

 

 

Current portion of warrant liability

 

 

-

 

Long-term warrant liability

 

 

2,382

 

 

 

 

 

 

 

 

 

2,382

 

Schedule of black holes assumption of warrant liabilities

Black-Scholes Assumptions as of December 31, 2022

 

February 2021

Warrants

 

 

 

 

 

Expected forfeiture rate

 

 

0.0 %

Expected life (years)

 

 

1.1

 

Expected volatility

 

 

70.5 %

Risk free rate

 

 

4.0 %

Expected dividend rate

 

 

0.0 %

Exercise price

 

$ 1.35

 

Market price

 

$ 1.15