XML 48 R35.htm IDEA: XBRL DOCUMENT v3.22.1
EARNOUT LIABILITY (Tables)
12 Months Ended
Dec. 31, 2021
Warrants and Rights Note Disclosure [Abstract]  
Fair value of the warrants The valuation model utilized the following assumptions:
Risk-free interest rate
1.23 %
Equity volatility rate
55.00 %
The weighted-average assumptions used in calculating the fair value of the warrants issued during the year ended December 31, 2020 are as follows:
 2020
Expected dividend yield
— 
Risk-free interest rate
0.21 %
Expected life in years
2.5
Expected volatility
68 %
Weighted-average fair value of warrants granted
$0.85