General form of registration statement for all companies including face-amount certificate companies

Warrants (Tables)

v3.23.3
Warrants (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Class of Warrant or Right [Line Items]    
Schedule of Warrant Activities
The table below summarizes the Company’s warrant activities:
 
    
Number of
Warrants to
Purchase Common
Shares
    
Exercise Price
Range Per Share
    
Weighted
Average
Exercise Price
 
Balance at January 1, 2023
     412,218      $ 5.72 to 31.60      $ 23.68  
Granted
     92,500        5.00        5.00  
Forfeited
     —          —          —    
Exercised
     —          —          —    
  
 
 
    
 
 
    
 
 
 
Balance at June 30, 2023
     504,718      $ 5.00 to 31.60      $ 20.25  
  
 
 
    
 
 
    
 
 
 
Balance at January 1, 2022
     412,218      $ 5.72 to 31.60      $ 23.68  
Granted
     —          —          —    
Forfeited
     —          —          —    
Exercised
     —          —          —    
  
 
 
    
 
 
    
 
 
 
Balance at June 30, 2022
     412,218      $ 5.72 to 31.60      $ 23.68  
  
 
 
    
 
 
    
 
 
 
The table below summarizes the Company’s warrant activities:
 
    
Number of
Common
Shares
Warrants
    
Exercise Price
Range Per Share
    
Weighted
Average
Exercise Price
 
Balance at January 1, 2022
     412,218      $ 5.72 to 31.60      $ 23.68  
Granted
     —          —          —    
Forfeited
     —          —          —    
Exercised
     —          —          —    
  
 
 
    
 
 
    
 
 
 
Balance at December 31, 2022
     412,218      $ 5.72 to 31.60      $ 23.68  
  
 
 
    
 
 
    
 
 
 
Balance at January 1, 2021
     91,117      $ 5.72      $ 5.72  
Granted
     377,351        16.00 to 31.60        26.88  
Forfeited
     —          —          —    
Exercised
     (56,250      16.00        16.00  
  
 
 
    
 
 
    
 
 
 
Balance at December 31, 2021
     412,218      $ 5.72 to 31.60      $ 23.68  
  
 
 
    
 
 
    
 
 
 
Marpai Warrants    
Class of Warrant or Right [Line Items]    
Schedule of assumptions used when calculating the issuance date fair value of warrants  
The following assumptions were used when calculating the issuance date fair value:
 
Exercise price of the warrants
   $ 16.00  
Contractual life of the warrants
     0.4 years  
Current value of the underlying common stock
   $ 2.58  
Expected volatility
     40.08
Expected dividend yield
     —  
Risk-free interest rate
     0.06
The following assumptions were used when calculating the issuance date fair value:
 
Exercise price of the warrants
   $ 20.00  
Contractual life of the warrants
     5 years  
Current value of the underlying common stock
   $ 4.00  
Expected volatility
     40.08
Expected dividend yield
     0.00
Risk-free interest rate
     1.20