DERIVATIVE LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Liabilities

Schedule of derivative liabilities

	Derivative Liability Convertible Notes			Derivative Liability Warrants			Total
Balance as of December 31, 2021	$	274		$	325		$	599
Change in fair value		(8	)		(158	)		(166	)
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 December 31, 2023	$	–		$	–		$	–

Assumptions

Market value of common stock	$1.49
Expected volatility	52.6%
Expected term (in years)	0.25
Risk-free interest rate	4.42%

During the year ended December 31, 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	71.1%
Expected term (in years)	2.64
Risk-free interest rate	4.28%