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Derivative Liabilities
6 Months Ended
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Liabilities

7. Derivative Liabilities

 

The Company records the fair value of the conversion option of convertible debentures in accordance with ASC 815, Derivatives and Hedging. The fair value of the derivatives was calculated using a multi-nominal lattice model. The fair value of the derivative liabilities is revalued on each balance sheet date with corresponding gains and losses recorded in the condensed consolidated statements of operations.

 

For the six months ended December 31, 2021, the Company did not record an expense associated with the change in fair market value of derivatives because the Company had no derivative liability at December 31, 2021 and June 30, 2021. For the six months ended December 31, 2020, the Company recognized an expense related to the change in fair value of derivative liabilities of $7,018,171.

 

 

AMERICAN BATTERY TECHNOLOGY COMPANY

Notes to the Condensed Consolidated Financial Statements

For the period ended December 31, 2021

(unaudited)