Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE LIABILITY (Tables)

v3.23.2
DERIVATIVE LIABILITY (Tables)
6 Months Ended
Jun. 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:

 

SCHEDULE OF DERIVATIVE LIABILITY USING BINOMIAL PRICING MODEL ASSUMPTIONS

    June 30, 2023     December 31, 2022  
Stock Price   $ 1.08     $ 6.40  
Exercise Price   $ 8.00     $ 13.60  
Expected Life     1.50       1.98  
Volatility     132 %     107 %
Dividend Yield     0 %     0 %
Risk-Free Interest Rate     5.07 %     4.41 %
Total Fair Value   $ 16     $ 222  
SCHEDULE OF DERIVATIVE LIABILITY TRANSACTION

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

 

SCHEDULE OF DERIVATIVE LIABILITY TRANSACTION

         
    Six Months Ended June 30,  
    2023     2022  
Beginning balance   $ 222     $ 3,155  
Change in fair value     (206 )     (2,162 )
Ending balance   $ 16     $ 993