DERIVATIVE LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2023

Derivative Liabilities

Schedule of derivative liabilities

	Derivative Liability Convertible Notes			Derivative Liability Warrants			Total
Balance as of December 31, 2022	$	266		$	167		$	433
Change in fair value		1			(28	)		(27	)
Extinguishment of the derivative liability		(267	)		(139	)		(406	)
Balance as of June 30, 2023	$	–		$	–		$	–

Assumptions for derivatives

Market value of common stock	$	1.49
Expected volatility		52.60%
Expected term (in years)		0.25
Risk-free interest rate		4.42%

During the six months ended June 30, 2023, 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	$	1.49
Expected volatility		71.10%
Expected term (in years)		2.64
Risk-free interest rate		4.28%