DERIVATIVE LIABILITY (Tables)

6 Months Ended

Jun. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Measurement Input Valuation Techniques

The fair value of the warrants classified as liabilities was determined using the Black-Scholes simulation model based on Level 3 inputs on the fair value hierarchy. The following weighted average assumptions were used for the periods presented:

	Issuance Date			June 30, 2024
Share Price	$	0.10		$	0.08
Exercise Price	$	0.15		$	0.17
Expected Life (in Years)	2.6 years			1.8 years
Annualized Volatility	89.8		%	124.1		%
Risk-Free Annual Interest Rate	4.4		%	4.7		%

The fair value of the January 2024 warrants was determined using the Black-Scholes simulation model based on Level 3 inputs on the fair value hierarchy. The following weighted average assumptions were used for the periods presented:

	44926	Issuance Date			June 30, 2024
Share Price		$	0.12		$	0.08
Exercise Price		$	0.11		$	0.11
Expected Life (in Years)		2.3 years			1.8 years
Annualized Volatility		104.3		%	124.4		%
Risk-Free Annual Interest Rate		4.3		%	4.7		%

Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

A reconciliation of the changes in fair value of derivative liabilities for the three and six months ended June 30, 2024 is as follows:

	Three Months Ended June 30,		Six Months Ended June 30,
	2024		2024
Balance, beginning of period	$	6,345	$	4,550
Issuance of derivative liability	—		2,558
Change in fair value of derivative liability	(867)		(1,630)
Balance, end of period	$	5,478	$	5,478