XML 64 R41.htm IDEA: XBRL DOCUMENT v3.21.1
PREFERRED SHARES AND WARRANT LIABILITIES (Tables)
12 Months Ended
Dec. 31, 2020
PREFERRED SHARES AND WARRANT LIABILITIES  
Schedule of fair value of the warrants calculated using the Black-Scholes pricing model

The fair value of the warrants as of December 31, 2020 were calculated using the Black-Scholes pricing model with the following assumptions:

As of December 31, 2020

    

Series A Warrant

    

Series B Warrant

    

Series C Warrant

Risk-free rate of return

0.66

%

0.12

%

0.71

%

Estimated volatility rate

 

46.07

%

 

51.29

%

 

45.63

%

Dividend yield

 

0.00

%

 

0.00

%

 

0.00

%

Exercise price

$

3.00

$

3.00

$

3.00

Fair value of warrant

$

1.39

$

0.76

$

1.43