DERIVATIVE LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2022

DERIVATIVE LIABILITIES.

SCHEDULE OF FAIR VALUE OF DERIVATIVE LIABILITIES

	September 30, 2022
Common stock issuable upon exercise of warrants		3,715,075
Market value of common stock on measurement date	$	0.62
Exercise price	$	1.10
Risk free interest rate (1)		4.07	%
Expected life in years		4.25 years
Expected volatility (2)		92	%
Expected dividend yields (3)		—	%

	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	%
Expected dividend yields (3)		—	%

(1) The risk-free interest rate was determined by management using the applicable Treasury Bill as of the measurement date.

(2) The Company does not expect to pay a dividend in the foreseeable future.