DERIVATIVE LIABILITY

9 Months Ended

Sep. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE LIABILITY

NOTE 7 – DERIVATIVE LIABILITY

During the nine months ended September 30, 2024, we had the following activity in our derivative liability account relating to our warrants:

Derivative liability at December 31, 2023	$	5,732
Derivative liability recorded on new instruments		-
Derivative liability reduced by warrant exercise		-
(Gain) loss on fair value		(5,434	)
Derivative liability at September 30, 2024	$	298

We use the binomial option pricing model to estimate fair value for those instruments at inception, at warrant exercise, and at each reporting date. During the nine months ended September 30, 2024, the assumptions used in our binomial option pricing model were in the following range:

Risk free interest rate	3.66-3.98	%
Expected life in years	0.83 - 1.75
Expected volatility	107 - 121	%