Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE LIABILITY (Tables)

v3.22.2.2
DERIVATIVE LIABILITY (Tables)
6 Months Ended
Jun. 30, 2022
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 assumptions:

 

    June 30, 2022     December 31, 2021  
Stock Price   $ 0.52     $ 1.24  
Exercise Price   $ 0.75     $ 1.11  
Expected Life     2.47       2.97  
Volatility     103 %     119 %
Dividend Yield     0 %     0 %
Risk-Free Interest Rate     2.96 %     0.97 %
Total Fair Value   $ 993     $ 3,155  
SCHEDULE OF DERIVATIVE LIABILITY TRANSACTIONS

The details of derivative liability transactions for the six months ended June 30, 2022 and 2021 are as follows:

 

                 
    Six Months Ended June 30,  
    2022     2021  
Beginning balance   $ 3,155     $ 8,266  
Change in fair value     (2,162 )     1,945  
Extinguishment     -       (2,300 )
Ending balance   $ 993     $ 7,911