Warrants

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

NOTE 11 – WARRANTS

As described in Note 6, pursuant to issuance convertible notes payable to investors, the Company issued warrants to purchase an aggregate of 1,373,861 shares of the Company’s Common Stock at an exercise price $0.058 per share during 2018 - 2021. The Company has recognized an expense for these services within general and administrative expense in the accompanying Statements of Operations in the years of warrants issuance of approximately $0 and $33,154 for the nine months ended September 30, 2022 and 2021, respectively.

On September 1, 2018, the Company issued warrant to investor to purchase an aggregate of 527,921 shares of the Company’s Common Stock at an exercise price of $0.058 per share.

On January 3, 2020, the Company issued warrants to Fastnet Advisors, LLC. to purchase an aggregate of 96,951 shares of the Company’s Common Stock at an exercise price of $0.058 per share. On December 14, 2020, the Company issued warrants to an outside consultant to purchase an aggregate of 102,178 shares of the Company’s Common Stock at an exercise price of $0.058 per share.

On June 25, 2021, the Company issued warrants to related party to purchase an aggregate of 1,368,762 shares of the Company’s Common Stock at an exercise price of $1.1717 per share. The issuance of warrants resulted in a loss on modification of debt of $2,385,204. (refer to Note 6). On June 25, 2021, the Company issued warrants to Gold Blaze Limited Vista Corporate Services to purchase an aggregate of 426,730 shares of the Company’s Common Stock at an exercise price of $1.1717 per share. On June 25, 2021, the Company issued warrants to HT Investments MA LLC to purchase an aggregate of 4,267,304 shares of the Company’s Common Stock at an exercise price of $1.1717 per share. On September 27, 2021, the Company issued warrants to Dr. Harold Parnes to purchase an aggregate of 1,024,153 shares of the Company’s Common Stock at an exercise price of $1.1717 per share. On September 27, 2021, the Company issued warrants to Steve Schrader to purchase an aggregate of 113,510 shares of the Company’s Common Stock at an exercise price of $1.1717 per share.

On February 28, 2022, the Company issued warrants to Gold Blaze Limited Vista Corporate Services to purchase an aggregate of 94,829 shares of the Company’s Common Stock at an exercise price of $1.1717 per share. On February 28, 2022, the Company issued warrants to Zygote Ventures to purchase an aggregate of 94,829 shares of the Company’s Common Stock at an exercise price of $1.1717 per share. On February 28, 2022, the Company issued warrants to Garrett Gruener to purchase an aggregate of 379,316 shares of the Company’s Common Stock at an exercise price of $1.1717 per share. On March 23, 2022, the Company issued warrants to GHS Investments LLC to purchase an aggregate of 60,000 shares of the Company’s Common Stock at an exercise price of $2.0587 per share.

On April 26, 2022, the Company issued warrants to Garrett Gruener to purchase an aggregate of 782,340 shares of the Company’s Common Stock at an exercise price of $1.1717 per share. On May 25, 2022, the Company issued warrants to Garrett Gruener to purchase an aggregate of 504,964 shares of the Company’s Common Stock at an exercise price of $1.1717 per share. On June 22, 2022, the Company issued warrants to Garrett Gruener to purchase an aggregate of 469,404 shares of the Company’s Common Stock at an exercise price of $1.1717 per share.

On July 13, 2022, the Company issued warrants to Garrett Gruener to purchase an aggregate of 248,926 shares of the Company’s Common Stock at an exercise price of $1.1717 per share. On July 27, 2022, the Company issued warrants to Garrett Gruener to purchase an aggregate of 711,217 shares of the Company’s Common Stock at an exercise price of $1.1717 per share. On August 9, 2022, the Company issued warrants to Zygote Ventures to purchase an aggregate of 284,487 shares of the Company’s Common Stock at an exercise price of $1.1717 per share. On August 23, 2022, the Company issued warrants to Garrett Gruener to purchase an aggregate of 711,217 shares of the Company’s Common Stock at an exercise price of $1.1717 per share. On September 9, 2022, the Company issued warrants to Garrett Gruener to purchase an aggregate of 355,609 shares of the Company’s Common Stock at an exercise price of $1.1717 per share.

As of September 30, 2022 all warrants remain outstanding.

The following represents a summary of the Warrants outstanding at September 30, 2022, and changes during the period then ended:

			Weighted Average
	Warrants		Exercise Price
Outstanding at December 31, 2020		2,002,622	$	0.0581
Granted with exercise price $0.058		122,065	$	0.0581
BTHE warrants		222,302	$	1.7300
Granted with exercise price $1.1717		7,200,459	$	1.1717
Exercised/Expired/Forfeited		-		-
Outstanding at December 31, 2021		9,547,448	$	0.9369
Granted with exercise price $1.1717		4,637,137	$	1.1717
Granted with exercise price $2.0587		60,000	$	2.0587
Exercised/Expired/Forfeited		-		-
Outstanding at September 30, 2022		14,244,585	$	1.0180

NANOMIX Corp 10-Q