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TERM LOAN (Tables)
 6 Months Ended
Jun. 30, 2023
Term Loan  
SCHEDULE OF FAIR VALUE OF NON-TRANSFERABLE WARRANTS ASSUMPTIONS

 

   June 28, 2023 
Expected dividend yield   0%
Stock price  $1.35 
Expected share price volatility   92.06%
Risk free interest rate   4.13%
Expected life of warrant   3 years 
SCHEDULE OF TERM LOAN

The following is a continuity of the Term Loan

 

   $ 
Principal amount of the Term Loan   15,000,000 
Fair value of the attached warrants   (1,587,232)
Term Loan at fair value on issuance, Jun 28, 2023   13,412,768 
Transaction costs   (695,798)
Accrued interest   12,329 
Amortization of warrant FV and transaction costs   6,652 
 Total   

12,735,951