DERIVATIVE LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Liabilities

Schedule of fair value of derivative liabilities

	Derivative Liability   Convertible Notes			Derivative   Liability Warrants			Total
Balance as of December 31, 2021	$	274		$	325		$	599
Change in fair value		(76	)		(60	)		(136	)
Balance as of March 31, 2022	$	198		$	265		$	463

Schedule of pricing mode with assumptions

Market value of common stock	$	1.35
Expected volatility		104.8	%
Expected term (in years)		0.25
Risk-free interest rate		1.37	%

As of March 31, 2022, the fair value of the derivative liability – warrants is estimated using a Monte Carlo pricing model with the following assumptions:

Market value of common stock	$	1.35
Expected volatility		108.9	%
Expected term (in years)		3.64
Risk-free interest rate		1.67	%