XML 48 R34.htm IDEA: XBRL DOCUMENT v3.22.1
DERIVATIVE LIABILITIES (Tables)
12 Months Ended
Dec. 31, 2021
DERIVATIVE LIABILITIES  
SCHEDULE OF FAIR VALUE OF DERIVATIVE LIABILITIES

    

December 31, 2021

 

Common stock issuable upon exercise of warrants

 

2,043,291

Market value of common stock on measurement date

$

1.38

Exercise price

$

2.00

Risk free interest rate (1)

 

1.25

%

Expected life in years

 

5 years

Expected volatility (2)

 

79.3

%

Expected dividend yields (3)

 

-

%

    

December 31, 2020

 

Common stock issuable upon exercise of warrants

 

295,000

Market value of common stock on measurement date

$

1.53

Exercise price

$

0.42

Risk free interest rate (1)

 

0.13

%

Expected life in years

 

1 year

Expected volatility (2)

 

160

%

Expected dividend yields (3)

 

%

(1)The risk-free interest rate was determined using the applicable Treasury Bill as of the measurement date.
(2)The historical trading volatility for 2020 was determined by calculating the volatility of the Company’s common stock. For 2021 the information was obtained from the third party model.
(3)The Company does not expect to pay a dividend in the foreseeable future.
SCHEDULE OF CHANGE IN DERIVATIVE LIABILITIES

The following table shows the change in the Company’s derivative liabilities for the years ended December 31, 2021 and 2020 (in thousands):

    

Amount

Balance, December 31, 2019

$

147

Change in fair value of warrants

 

216

Balance, December 31, 2020

$

363

    

Amount

Balance, December 31, 2020

$

363

Exercise of warrants

(348)

Issuance of warrants

3,064

Change in fair value of warrants

 

(15)

Balance, December 31, 2021

$

3,064