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WARRANT LIABILITY (Tables) - Level 3
12 Months Ended
Dec. 31, 2019
Schedule of valuation methodology

 

 

 

 

 

 

 

 

 

    

Weighted Average Inputs

 

 

 

For the Years Ended

 

 

 

December 31, 

 

 

    

2019

    

2018

 

Exercise price

 

$

6.92

 

$

9.72

 

Contractual term (years)

 

 

0.05

 

 

1.08

 

Volatility (annual)

 

 

83

%  

 

99

%

Risk-free rate

 

 

 2

%  

 

 2

%

Dividend yield (per share)

 

 

 0

%  

 

 0

%

 

Schedule of Changes in Level 3 Liabilities Measured at Fair Value

 

 

 

 

 

    

Warrant

 

 

Liability

Balance - January 1, 2018

 

$

9,000

Change in fair value of warrant liability

 

 

40,000

Balance – December 31, 2018

 

 

49,000

Change in fair value of warrant liability

 

 

(18,000)

Balance – December 31, 2019

 

$

31,000