Annual report pursuant to Section 13 and 15(d)

Derivative Liability (Tables)

v3.22.1
Derivative Liability (Tables)
12 Months Ended
Dec. 31, 2021
Derivative Liability  
Schedule of Derivative Liabilities Assumptions

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

 

   

December 31,

2021

   

December 31,

2020

 
Risk-free interest rate     1.26 %     0.36 %
Expected volatility     129 %     135 %
Expected life (in years)     3.6 years       4.60 years  
Expected dividend yield     -       -  
                 
Fair Value                
Warrants   $ 138,000     $ 383,000