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WARRANTS (Tables)
3 Months Ended
Mar. 31, 2022
Warrants and Rights Note Disclosure [Abstract]  
Schedule of Stockholders' Equity Note, Warrants or Rights
The following table summarizes warrant activity for the three months ended March 31, 2022:
WarrantsWeighted-Average
Exercise
Price
Warrants Outstanding as of January 1, 202285,826,872 $0.22 
Issued— $— 
Exercised— $— 
Warrants Outstanding as of March 31, 2022
85,826,872 $0.14 
Schedule of Warrants Utilizing Weighted Average Inputs
The Company estimated the fair value of the warrants issued in 2022 utilizing the Black-Scholes option-pricing model with the following weighted-average inputs:
March 31,
2022
Expected term (years)2.5
Volatility115.2 %
Risk-free interest rate0.1 %
Dividend yield0.0 %