Annual report pursuant to Section 13 and 15(d)

EQUITY (Tables)

v3.22.1
EQUITY (Tables)
12 Months Ended
Dec. 31, 2021
Stockholders' Equity Note [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

Date of Grant

 

Dividend Yield

   

Risk-free Interest Rate

   

Volatility

   

Life

                             

March 21, 2021

    0.00

%

    0.89

%

    101.36

%

 

5 years

October 14, 2021

    0.00

%

    1.05

%

    91.51

%

 

5 years

 

Share-based Payment Arrangement, Option, Activity [Table Text Block]

A summary of the status of the Company’s stock option plans for the fiscal years ended December 31, 2021 and 2020 and changes during the years are presented below (in number of options):

 

   

Number

of Options

   

Average

Exercise Price

   

Average Remaining

Contractual Term

   

Aggregate

Intrinsic Value

 
                                 

Outstanding options at January 1, 2020

    26,280     $ 3.710    

0.70 years

    $ -0-  

Options granted

    -       -                  

Options canceled/forfeited

    (26,280

)

  $ 3.710                  
                                 

Outstanding options at December 31, 2020

    -     $ -             $ -0-  

Options granted

    171,620     $ 6.268                  

Options canceled/forfeited

    (6,000

)

  $ 6.530                  
                                 

Outstanding options at December 31, 2021

    165,620     $ 6.256    

4.48 years

    $ -0-  
                                 

Vested Options:

                               

December 31, 2021:

    71,630     $ 5.900    

4.79 years

    $ -0-  

December 31, 2020:

    -     $ -       -     $ -0-  

 

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

The following table summarizes the warrants transactions:

 

   

Warrants

Outstanding

   

Weighted Average

Exercise Price

 

Average Remaining

Contractual Term

                   

Balance, January 1, 2020

    191,543     $ 5.28  

0.3 years

Granted

    -     $ -    

Exercised

    -     $ -    

Canceled

    186,555     $ 5.31    

Outstanding and Exercisable December 31, 2020

    4,988     $ 4.01  

1.24 years

                   

Granted

    -     $ -    

Exercised

    -     $ -    

Canceled

    -     $ -    

Outstanding and Exercisable December 31, 2021

    4,988     $ 4.01  

0.24 years