Quarterly report pursuant to Section 13 or 15(d)

Derivative Liability (Tables)

v3.22.2.2
Derivative Liability (Tables)
9 Months Ended
Sep. 30, 2022
Derivative Liability  
Schedule of Derivative Liabilities Assumptions

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

 

    September 30,     December 31,  
    2022     2021  
    (Unaudited)        
Stock price   $ 1.76     $ 3.05  
Risk-free interest rate     4.25 %     1.26 %
Expected volatility     114 %     129 %
Expected life (in years)     2.8       3.6  
Expected dividend yield     -       -  
 Derivative liability, measurement input                
Fair value of warrants   $ 57,000     $ 138,000