|3 Months Ended|
Mar. 31, 2023
12. STOCK WARRANTS
The Company has the following warrants outstanding as of March 31, 2023, all of which are exercisable:
SCHEDULE OF WARRANTS OUTSTANDING
At March 31, 2023 the intrinsic value of the outstanding warrants was $.
On January 24, 2023, the Company entered into an underwriting agreement with Aegis relating to the January 2023 offering, issuance and sale of 13.60 per share, had the exercise price reduced to $8.00 per share, which resulted in the Company recognizing a deemed dividend of $164. shares of the Company’s common stock at a public offering price of $ per share. As a result of this transaction, certain warrants which previously had an exercise price of $