SHAREHOLDERS' EQUITY (Tables)
|
12 Months Ended |
Dec. 31, 2022 |
|---|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| Schedule of stock options activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
Options Outstanding |
|
|
|
|
Weighted |
|
Weighted |
|
|
|
|
|
|
|
Average |
|
Average |
|
|
|
|
|
Number of |
|
Exercise |
|
Remaining |
|
Aggregate |
|
|
Shares Subject |
|
Price Per |
|
Contractual |
|
Intrinsic Value |
|
|
to Options |
|
Share |
|
Life (in years) |
|
(in thousands) |
Balance at December 31, 2020 |
|
37,430 |
|
$ |
105.00 |
|
4.00 |
|
|
|
Options granted |
|
27,250 |
|
$ |
123.40 |
|
|
|
|
|
Options exercised |
|
(150) |
|
$ |
128.00 |
|
|
|
|
|
Options canceled / expired |
|
(4,318) |
|
$ |
119.80 |
|
|
|
|
|
Balance at December 31, 2021 |
|
60,212 |
|
$ |
111.20 |
|
3.6 |
|
|
|
Options granted |
|
6,500 |
|
$ |
103.20 |
|
|
|
|
|
Options exercised |
|
(40) |
|
$ |
100.80 |
|
|
|
|
|
Options canceled / expired |
|
(17,632) |
|
$ |
50.20 |
|
|
|
|
|
Balance at December 31, 2022 |
|
49,040 |
|
$ |
129.60 |
|
2.8 |
|
$ |
— |
Vested and exercisable at December 31, 2022 |
|
34,163 |
|
$ |
135.20 |
|
2.4 |
|
$ |
— |
|
| Schedule of stock options outstanding and exercisable |
|
|
|
|
|
|
|
|
|
|
|
Options Outstanding |
|
Options Exercisable |
|
|
Weighted |
|
|
|
|
|
|
|
|
Average |
|
Weighted |
|
|
|
Weighted |
|
|
Remaining |
|
Average |
|
|
|
Average |
Number of |
|
Contractual |
|
Exercise Price |
|
Number |
|
Exercise Price |
Outstanding |
|
Life (in years) |
|
Per Share |
|
Exercisable |
|
Per Share |
750 |
|
5.0 |
|
$ |
180.00 |
|
750 |
|
$ |
180.00 |
4,200 |
|
0.8 |
|
$ |
180.00 |
|
4,200 |
|
$ |
180.00 |
7,290 |
|
1.0 |
|
$ |
156.00 |
|
7,290 |
|
$ |
156.00 |
3,695 |
|
1.8 |
|
$ |
128.00 |
|
3,695 |
|
$ |
128.00 |
4,150 |
|
2.9 |
|
$ |
97.00 |
|
3,043 |
|
$ |
97.00 |
12,655 |
|
3.1 |
|
$ |
106.00 |
|
7,520 |
|
$ |
106.00 |
1,500 |
|
3.3 |
|
$ |
112.00 |
|
900 |
|
$ |
112.00 |
8,300 |
|
3.8 |
|
$ |
153.00 |
|
4,598 |
|
$ |
153.00 |
6,500 |
|
4.2 |
|
$ |
103.20 |
|
2,167 |
|
$ |
103.20 |
49,040 |
|
2.8 |
|
$ |
129.60 |
|
34,163 |
|
$ |
135.20 |
|
| Schedule of assumptions were used to determine fair value of the awards |
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
|
2022 |
|
2021 |
|
Expected life (in years) |
|
5.0 |
|
5.0 |
|
Risk-free interest rate |
|
1.7 |
% |
0.4-0.9 |
% |
Dividend yield |
|
— |
% |
— |
% |
Expected volatility |
|
132 |
% |
91-137 |
% |
|
| Schedule of changes in stock option liability |
Changes in the Company’s stock option liability for the years ended December 31, 2022 and 2021 were as follows (stated in thousands):
|
|
|
|
Balance at December 31, 2020 |
|
$ |
16 |
Gain on revaluation |
|
|
(9) |
Balance at December 31, 2021 |
|
$ |
25 |
Gain on revaluation |
|
|
25 |
Balance at December 31, 2022 |
|
$ |
— |
|
| Schedule of warrants |
|
|
|
|
|
Number of Warrants outstanding |
Balance at December 31, 2020 |
|
183,250 |
Debenture, warrants issued (Note 10) |
|
13,750 |
Balance at December 31, 2021 |
|
197,000 |
Warrants issued |
|
9,000 |
Balance at December 31, 2022 |
|
206,000 |
|
| Schedule of warrants, valuation assumptions |
|
|
|
|
|
|
|
|
|
|
Year Ended |
|
Year Ended |
|
|
|
December 31, 2022 |
|
December 31, 2021 |
|
Risk free rate of return |
|
|
0.56 |
% |
|
0.39 |
% |
Expected life |
|
|
4.0 |
years |
|
5.0 |
years |
Expected volatility |
|
|
90 |
% |
|
90 |
% |
Expected dividend per share |
|
|
nil |
|
|
nil |
|
Exercise price |
|
$ |
1.51 |
|
$ |
0.78 |
|
Stock price |
|
$ |
1.50 |
|
$ |
0.96 |
|
|
| Consultants |
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| Schedule of assumptions were used to determine fair value of the awards |
|
|
|
|
As of December 31, |
|
|
2021 |
|
Risk free rate of return |
0.4 |
% |
Expected life |
0.8 |
years |
Expected volatility |
186 |
% |
Expected dividend per share |
nil |
|
|