|
A
summary of the Company’s outstanding warrants to purchase shares of common stock as of July 31, 2021 and changes during the period
ended as presented below:
SCHEDULE
OF STOCK WARRANT ACTIVITY
U.S.
GOLD CORP. AND SUBSIDIARIES
NOTES
TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
JULY
31, 2021
| |
|
Number of Warrants |
|
|
Weighted Average
Exercise
Price |
|
|
Weighted Average Remaining Contractual
Life
(Years) |
|
| Warrants with no Class designation: |
|
|
|
|
|
|
|
|
|
|
|
|
| Balance at April 30, 2021 |
|
|
1,428,794 |
|
|
$ |
12.00 |
|
|
|
4.08 |
|
| Granted |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Exercised |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Forfeited |
|
|
(142,972 |
) |
|
|
32.17 |
|
|
|
— |
|
| Canceled |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Balance at July 31, 2021 |
|
|
1,285,822 |
|
|
|
9.76 |
|
|
|
4.33 |
|
| Class A Warrants: |
|
|
|
|
|
|
|
|
|
|
|
|
| Balance at April 30, 2021 |
|
|
109,687 |
|
|
|
11.40 |
|
|
|
3.22 |
|
| Granted |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Exercised |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Forfeited |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Canceled |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Balance at July 31, 2021 |
|
|
109,687 |
|
|
|
11.40 |
|
|
|
2.97 |
|
| Total Warrants Outstanding at July 31, 2021 |
|
|
1,395,509 |
|
|
$ |
9.89 |
|
|
|
4.22 |
|
| Warrants exercisable at end of period |
|
|
891,951 |
|
|
$ |
7.29 |
|
|
|
|
|
| Weighted average fair value of warrants granted during the period |
|
|
|
|
|
$ |
— |
|
|
|
|
|
|