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Derivative Liability (Tables)
6 Months Ended
Jun. 30, 2022
Derivative Liability  
Schedule of Derivative Liabilities Assumptions

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

 

   June 30,   December 31, 
   2022   2021 
    (Unaudited)      
Stock Price  $2.99   $3.05 
Risk-free interest rate   2.99%   1.26%
Expected volatility   118%   129%
Expected life (in years)   3.1    3.6 
Expected dividend yield   -    - 
           
Fair Value of Warrants  $115,000   $138,000