date assumptions
The following table summarizes information about shares issuable under warrants outstanding during the three months ended March 31, 2024 and 2023:
Warrants | Weighted average exercise price | |||||||
Vested Balance, December 31, 2023 | 1,125,000 | $ | 6.50 | |||||
Granted | ||||||||
Exercised | ||||||||
Forfeited/cancelled | ||||||||
Vested Balance, March 31, 2024 | 1,125,000 | $ | 6.50 |
The following table summarizes the range of exercise prices and weighted average remaining contractual life for outstanding and exercisable warrants to purchase shares of common stock as of March 31, 2024:
Outstanding and exercisable warrants | ||||||||
Exercise price | Number of warrants | Weighted average remaining contractual life | ||||||
$ | 5.50 | 375,000 | years | |||||
$ | 6.50 | 375,000 | years | |||||
$ | 7.50 | 375,000 | years | |||||
1,125,000 | years |