Annual report pursuant to Section 13 and 15(d)

TEMPORARY EQUITY AND STOCKHOLDERS??? EQUITY (DEFICIENCY) (Tables)

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TEMPORARY EQUITY AND STOCKHOLDERS’ EQUITY (DEFICIENCY) (Tables)
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
SUMMARY OF WARRANTS ACTIVITY

A summary of warrant activity during the year ended December 31, 2021 is presented below:

 

    Number of Warrants     Weighted Average Exercise Price     Weighted Average Remaining Life in Years     Intrinsic Value  
                         
Outstanding, January 1, 2021     969,827     $ 5.87                  
Issued     1,858,845       6.01                  
Exercised     (274,500 )     6.00                  
Cancelled     -       -                  
Expired     (969,827 )     10.78                  
Outstanding, December 31, 2021     1,584,345     $ 6.01       0.5     $ -  
               .                  
Exercisable, December 31, 2021     1,584,345     $ 6.01       0.5     $     -  
SCHEDULE OF WARRANTS OUTSTANDING AND EXERCISABLE

A summary of outstanding and exercisable warrants as of December 31, 2021 is presented below:

 

 

Warrants Outstanding     Warrants Exercisable  
Exercise Price     Exercisable Into   Outstanding Number of Warrants     Weighted Average Remaining Life in Years     Exercisable Number of Warrants  
                                 
$ 6.00     Common Stock     1,569,012       0.5       1,569,012  
$ 7.50     Common Stock     15,333       4.1       15,333  
        Total     1,584,345       0.5       1,584,345  
SCHEDULE OF FAIR VALUE ASSUMPTIONS OF STOCK OPTION

 

Risk free interest rate     0.16 - 0.39%  
Expected term (years)     3.6 - 5.0  
Expected volatility     58.00 %
Expected dividends     0.00 %
SCHEDULE OF STOCK OPTION ACTIVITY

A summary of GGH stock options activity during the year ended December 31, 2021 is presented below:

 

 

          Weighted     Weighted        
          Average     Average        
    Number of     Exercise     Remaining     Intrinsic  
    Options     Price     Term (Yrs)     Value  
                         
Outstanding, January 1, 2021     626,579       10.54                  
Granted     -       -                  
Exercised     -       -                  
Expired     (65,552 )     27.47                  
Forfeited     -       -                  
Outstanding, December 31, 2021     561,027     $ 8.56       2.3     $ -  
                                       
Exercisable, December 31, 2021     364,574     $ 9.17       2.0     $ -  
SCHEDULE OF STOCK OPTION OUTSTANDING AND EXERCISABLE

The following table presents information related to GGH stock options as of December 31, 2021:

 

 

Options Outstanding     Options Exercisable  
            Weighted        
      Outstanding     Average     Exercisable  
Exercise     Number of     Remaining Life     Number of  
Price     Options     In Years     Options  
                     
$ 5.78       235,998       2.4       140,250  
$ 8.09       85,338       1.7       69,341  
$ 8.85       3,334       4.0       834  
$ 9.00       10,001       3.8       2,501  
$ 9.08       102,346       3.7       31,993  
$ 11.55       69,668       1.1       65,313  
$ 16.50       54,342       1.0       54,342  
          561,027       2.0       364,574