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DERIVATIVE LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2021

Derivative Liabilities

SUMMARY OF QUANTITATIVE INFORMATION TO VALUATION METHODOLOGY AND UNOBSERVABLE INPUTS

A summary of quantitative information with respect to valuation methodology and significant unobservable inputs used for the Company’s purchase warrants that were categorized within Level 3 of the fair value hierarchy during the quarter ended September 30, 2021 is as follows:

SUMMARY OF QUANTITATIVE INFORMATION TO VALUATION METHODOLOGY AND UNOBSERVABLE INPUTS

Stock price		$	1.02 - 2.94
Conversion price		$	0.72 - 6.90
Contractual term (in years)			0.67 – 6.56
Volatility (annual)			82.7% - 211	%
Risk-free rate			0.09% - 1.21	%

SCHEDULE OF CHANGES IN LEVEL 3 LIABILITIES MEASURED AT FAIR VALUE

The following table presents changes in Level 3 liabilities measured at fair value for the nine months ended September 30, 2021.

SCHEDULE OF CHANGES IN LEVEL 3 LIABILITIES MEASURED AT FAIR VALUE 

		Derivative Liabilities
Balance – December 31, 2020		$	2,471
New issuances			1,819
Change in fair value of derivative liability			6,916
Reclassification liability to equity			(10,755	)
Buy back of warrants			(451	)
Balance – September 30, 2021		$	-

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- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

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- Definition

Tabular disclosure of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
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-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258

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-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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