Annual report pursuant to Section 13 and 15(d)

Stockholders??? Equity (Tables)

v3.23.1
Stockholders’ Equity (Tables)
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Schedule of Valuation Assumptions of Warrants

The following table summarizes the parameters of the valuation:

 

Warrants
   

December 31, 2022

   

December 31, 2021

 
Term     3       3  
Volatility     30 %     30 %
Annual rate of Quarterly Dividends     0 %     0 %
Discount Rate - Bond Equivalent Yield     1.940 %     1.940 %
Summary of Warrants Outstanding

The following table summarize warrants outstanding as of December 31, 2022 and the related changes during the periods are presented below.

 

Number of Warrants   Weighted Average Exercise Price  
Balance at December 31, 2020     640,000     $ 1.00  
                 
Granted     -       -  
Exercised     -       -  
Expired     (600,000 )     -  
                 
Balance at December 31, 2021     40,000     $ 1.00  
Granted     -       -  
Exercised     -       -  
Expired     (40,000 )     -  
                 
Balance at December 31, 2022     0     $ 1.00