Annual report pursuant to Section 13 and 15(d)

Derivative Liability (Tables)

v3.23.1
Derivative Liability (Tables)
12 Months Ended
Dec. 31, 2022
Derivative Liability  
Schedule of Derivative Liabilities Assumptions

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

 

   

December 31,

2022

   

December 31,

2021

 
Risk-free interest rate     4.22 %     1.26 %
Expected volatility     109 %     129 %
Expected life (in years)     2.6 years       3.6 years  
Expected dividend yield     -       -  
                 
Fair value of warrants (in thousands)   $ 19     $ 138  
Schedule of Derivative Liability Transactions

 

   

December 31,

2022
(in thousands)

   

December 31,

2021
(in thousands)

 
Beginning Balance   $ 138     $ 384  
Addition     -       -  
Extinguishment     -       (35 )
Change in fair value     (119 )     (211 )
Ending Balance   $ 19     $ 138