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 Liability  
Schedule of Derivative Liabilities Assumptions

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

 

    June 30,     December 31,  
    2022     2021  
      (Unaudited)          
Stock Price   $ 2.99     $ 3.05  
Risk-free interest rate     2.99 %     1.26 %
Expected volatility     118 %     129 %
Expected life (in years)     3.1       3.6  
Expected dividend yield     -       -  
                 
Fair Value of Warrants   $ 115,000     $ 138,000