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DERIVATIVE LIABILITIES | 12 Months Ended
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Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
DERIVATIVE LIABILITIES | DERIVATIVE LIABILITIES The Company determined that certain warrants to purchase common stock do not satisfy the criteria for classification as equity instruments due to the existence of certain net cash and non-fixed settlement provisions that are not within the sole control of the Company. Conversion and exercise prices may be lowered if the Company issues securities at lower prices in the future. Such warrants are measured at fair value at each reporting date, and the changes in fair value are included in determining net income (loss) for the period. The Company used a Model Monte Carlo Simulation model to determine the fair value of the derivative liabilities.
| December 31, 2024
Common stock issuable upon exercise of warrants | 92,877
Market value of common stock on measurement date | $ | 1.90 |
Exercise price | $ | 44.00 |
Risk free interest rate (1) | 4.17 | %
Expected life in years | 2
Expected volatility (2) | 80.0 | %
Expected dividend yields (3) | — | %
| December 31, 2023
Common stock issuable upon exercise of warrants | 92,877
Market value of common stock on measurement date | $ | 5.35 |
Exercise price | $ | 44.00 |
Risk free interest rate (1) | 3.93 | %
Expected life in years | 3 years
Expected volatility (2) | 114.0 | %
Expected dividend yields (3) | — | %
__________________________________________ (1)The risk-free interest rate was determined using the applicable Treasury Bill as of the measurement date. (2)The historical trading volatility for 2024 and 2023 was based on historical fluctuations in stock price for Boxlight. (3)The Company does not expect to pay a dividend in the foreseeable future. The following table shows the change in the Company’s derivative liabilities for the years ended December 31, 2024 and 2023:
| Amount (in thousands)
Balance, December 31, 2023 | $ | 205 |
Exercise of warrants | — |
Issuance of warrants | — |
Change in fair value of derivative liabilities | (204) |
Balance, December 31, 2024 | $ | 1 |
| Amount (in thousands)
Balance, December 31, 2022 | $ | 472 |
Exercise of warrants | — |
Issuance of warrants | — |
Change in fair value of derivative liabilities | (267) |
Balance, December 31, 2023 | $ | 205 |

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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480237/815-40-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-5C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 815 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/815/tableOfContent + Details
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