DERIVATIVE LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2022

DERIVATIVE LIABILITIES.

SCHEDULE OF FAIR VALUE OF DERIVATIVE LIABILITIES

	December 31, 2022
Common stock issuable upon exercise of warrants		3,715,075
Market value of common stock on measurement date	$	0.31
Exercise price	$	1.10
Risk free interest rate (1)		4.02	%
Expected life in years		4 years
Expected volatility (2)		83.6	%
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)		79.3	%
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 2022 and 2021 was based on historical fluctuations in stock price for Boxlight and certain peer companies.

(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, 2022 and 2021:

	Amount
	(in thousands)
Balance, December 31, 2021	$	3,064
Exercise of warrants		(1)
Issuance of warrants		—
Change in fair value of derivative liabilities		(2,591)
Balance, December 31, 2022	$	472

	Amount
	(in thousands)
Balance, December 31, 2020	$	363
Exercise of warrants		(348)
Issuance of warrants		3,064
Change in fair value of derivative liabilities		(15)
Balance, December 31, 2021	$	3,064