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Derivative Liability (Tables)
3 Months Ended
Mar. 31, 2022
Derivative Liability  
Schedule of Derivative Liabilities Assumptions

The derivative liabilities were valued using a Binomial pricing model with the following average assumptions:

 

   March 31   December 31 
  

2022

  

2021

 
   (Unaudited)     
Stock Price  $2.88   $3.05 
Risk-free interest rate   2.42%   1.26%
Expected volatility   127%   129%
Expected life (in years)   3.3    3.6 
Expected dividend yield   -    - 
           
Fair Value of Warrants  $120,000   $138,000