DERIVATIVE LIABILITY (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Measurement Input Valuation Techniques

The fair value of the warrants classified as liabilities was determined using the Black-Scholes simulation model based on Level 3 inputs on the fair value hierarchy. The following weighted average assumptions were used for the periods presented:

	Issuance Date			March 31, 2024
Share Price	$	0.10		$	0.11
Exercise Price	$	0.15		$	0.17
Expected Life	2.6 years			2.1 years
Annualized Volatility	89.8		%	106.4		%
Risk-Free Annual Interest Rate	4.4		%	4.6		%

Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

A reconciliation of the changes in fair value of derivative liabilities for the three months ended March 31, 2024 is as follows:

Balance, beginning of period	$	4,550
Issuance of derivative liability	2,558
Change in fair value of derivative liability	(763)
Balance, end of period	$	6,345