XML 37 R25.htm IDEA: XBRL DOCUMENT v3.23.2
Stockholders’ Equity (Tables)
6 Months Ended
Jun. 30, 2023
Equity  
Schedule of Public Warrants

 

           Weighted 
       Weighted   Average 
       Average   Remaining 
   Number of   Exercise   Contractual 
   Shares   Price   Life (years) 
             
Outstanding at December 31, 2022   24,415   $30.40    3.6 
Granted   -    -    - 
Exercised   -    -    - 
Forfeited/cancelled   -    -    - 
Outstanding at June 30, 2023   24,415    30.40    3.3 
                
Exercisable at June 30, 2023   24,415   $30.40    3.3 
Schedule of Fair Value of Assumptions

The Company has classified the warrants as having Level 2 inputs, and used the Black-Scholes option-pricing model to value the warrants. The fair value at the issuance dates for the above warrants was based upon the following management assumptions:

 

  

Issuance

dates

 
Risk-free interest rate   1.80%
Expected dividend yield   0%
Expected volatility   113.17%
Term   3 years 
Fair value of common stock  $3.75