DERIVATIVE LIABILITY (Tables)

9 Months Ended

Sep. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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 and nine months ended September 30, 2024 is as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Balance, beginning of period	$	5,478	$	—	$	4,550	$	—
Issuance of derivative liability	—		4,165		2,558		4,165
Cancellation of restricted stock units	(241)		—		(241)		—
Change in fair value of derivative liability	(2,403)		11,931		(4,033)		11,931
Balance, end of period	$	2,834	$	16,096	$	2,834	$	16,096

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			September 30, 2024
Share Price	$	0.10		$	0.05
Exercise Price	$	0.17		$	0.17
Expected Life (in Years)	2.7 years			1.6 years
Annualized Volatility	84.5		%	139.7		%
Risk-Free Annual Interest Rate	4.5		%	3.7		%

The fair value of the January 2024 warrants 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			September 30, 2024
Share Price	$	0.12		$	0.05
Exercise Price	$	0.11		$	0.11
Expected Life (in Years)	2.3 years			1.6 years
Annualized Volatility	104.3		%	140.1		%
Risk-Free Annual Interest Rate	4.3		%	3.7		%