Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE LIABILITY (Tables)

v3.23.3
DERIVATIVE LIABILITY (Tables)
9 Months Ended
Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
SCHEDULE OF DERIVATIVE LIABILITY USING BINOMIAL PRICING MODEL ASSUMPTIONS

The derivative liabilities were valued using a Binomial pricing model with the following average assumptions:

 

    September 30, 2023     December 31, 2022  
Stock Price   $ 0.70     $ 6.40  
Exercise Price   $ 8.00     $ 13.60  
Expected Life     1.23       1.98  
Volatility     203 %     107 %
Dividend Yield     0 %     0 %
Risk-Free Interest Rate     5.46 %     4.41 %
Total Fair Value   $ 12     $ 222  
SCHEDULE OF DERIVATIVE LIABILITY TRANSACTIONS

The details of derivative liability transactions for the nine months ended September 30, 2023 and 2022 are as follows:

 

    2023     2022  
   

Nine Months Ended September 30,

 
    2023     2022  
Beginning balance   $ 222     $ 3,155  
Change in fair value     (210 )     (2,360 )
Ending balance   $ 12     $ 795