WARRANT DERIVATIVE LIABILITY (Tables)

3 Months Ended

Mar. 31, 2023

WARRANT DERIVATIVE LIABILITY.

Summary of key assumptions used to determine fair value of warrants

	March 31,			December 31,
	2023			2022
Number of shares underlying the warrants		322,807			322,807
Fair market value of stock	$	0.16		$	0.15
Exercise price	$	0.40		$	0.40
Volatility		73	%		78	%
Risk-free interest rate		4.64	%		3.99	%
Warrant life (years)		1.16			1.41

Summary of the changes in the fair value of the warrant derivative liability

	March 31,
	2023		2022
Beginning balance	$	5,508	$	28,317
Warrant exercise		—		—
Change in fair value of warrants derivative liability		(1,307)		60,664
Ending balance	$	4,201	$	88,981