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DERIVATIVE LIABILITIES (Tables)
6 Months Ended
Jun. 30, 2023
DERIVATIVE LIABILITIES  
Change in the Fair Value of the Derivative Liability

Period Ended

 

June 30, 2023

 

 

Dec 31, 2022

 

Annual volatility rate

 

 

115%

 

 

116%

Risk free rate

 

 

4.87%

 

 

4.41%

Remaining Term

 

6.88 years

 

 

7.37 years

 

Fair Value of common stock

 

$1.81

 

 

$2.44

 

Period Ended

 

June 30, 2023

 

 

Dec 31, 2022

 

Fair value of derivative (warrants), beginning of period

 

$2,172,417

 

 

$1,559,103

 

Exercise of warrants

 

 

-

 

 

 

-

 

Change in fair value of derivative

 

 

(562,277 )

 

 

613,314

 

Fair value of derivative (warrants), end of period

 

$1,610,140

 

 

$2,172,417