Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE LIABILITY (Tables)

v3.23.1
DERIVATIVE LIABILITY (Tables)
3 Months Ended
Mar. 31, 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:

 

    March 31, 2023     December 31, 2022  
Stock Price   $ 4.80     $ 6.40  
Exercise Price   $ 8.00     $ 13.60  
Expected Life     1.74       1.98  
Volatility     124 %     107 %
Dividend Yield     0 %     0 %
Risk-Free Interest Rate     4.29 %     4.41 %
Total Fair Value   $ 214     $ 222  
SCHEDULE OF DERIVATIVE LIABILITY TRANSACTION

The details of derivative liability transactions for the three months ended March 31, 2023 and 2022 are as follows:

 

    2023     2022  
    Three Months Ended March 31,  
    2023     2022  
Beginning balance   $ 222     $ 3,155  
Change in fair value     (8 )     (1,138 )
Ending balance   $ 214     $ 2,017