Annual report pursuant to Section 13 and 15(d)

Stock-based Payments (Tables)

v3.23.1
Stock-based Payments (Tables)
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Options Activity

The following table summarizes the activities for MyMD stock options for the year ended December 31, 2022:

 

 Summary of Stock Options Activity

                      Weighted        
                      Average        
          Weighted     Weighted     Remaining        
    Number     Average     Average     Contractual     Aggregate  
    of     Exercise     Grant Date     Term     Intrinsic  
    Shares     Price     Fair Value     (years)     Value  
Balance at December 31, 2021     4,176,737     $ 2.59     $ 2.59      

1.29

     $ 14,493,284  
Granted     300,000       3.41       3.41       5.80     $ -  
Exercised     -       -       -       -       -  
Forfeited     -       -       -       -       -  
Canceled/Expired     -       -       -       -       -  
Balance at December 31, 2022      4,476,737       2.64       2.64       0.64     $ -  
Exercisable as of December 31, 2022     4,376,737       2.61       2.61       0.52     $ -  
Summary of Restricted Stock Units Activity

The following is the status of outstanding unvested restricted stock units outstanding as of December 31, 2022 and the changes for the year ended December 31, 2022:

 

 Summary of Restricted Stock Units Activity

          Weighted  
          Average  
    Number of     Grant Date  
    RSUs     Fair Value  
Balance at December 31, 2021     2,795,000     $ 8.09  
Granted     54,207       3.06  
Exercised     -       -  
Vested     (54,207 )     3.06  
Forfeited     -       -  
Canceled/Expired     -       -  
Balance at December 31, 2022   $ 2,795,000     $ 8.09