XML 29 R18.htm IDEA: XBRL DOCUMENT v3.22.2.2
STOCKHOLDERS’ EQUITY (Tables)
9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
SCHEDULE OF FAIR VALUE ASSUMPTIONS FOR OPTIONS GRANTED

The fair value for options granted in the third quarter of 2022 and 2021 is estimated at the date of grant using a Black-Scholes-Merton options pricing model with the following underlying assumptions:

 

   2022   2021 
Price at valuation  $0.45   $1.04 
Exercise price  $0.45   $1.04 
Risk free interest   3.58%   0.49%
Expected term (in years)   5    5 
Volatility   125.3%   81.5%
SCHEDULE OF STOCK BASED EXPENSES RECOGNIZED FOR SERVICES FROM EMPLOYEES AND NON-EMPLOYEES

The total stock-based expense recognized in the financial statements for services received from employees and non-employees is shown in the following table.

 

   2022   2021   2022   2021 
  

Three Months Ended

September 30,

  

Nine Months Ended

September 30,

 
   2022   2021   2022   2021 
                 
Research and development   2    5    5    15 
Selling and marketing   6    10    18    41 
General and administrative   108    84    264    250 
                     
Total  $116   $99   $287   $306 
SCHEDULE OF FAIR VALUE ASSUMPTIONS FOR WARRANTS

In estimating the warrants’ fair value, the Company used the following assumptions:

 

Risk free interest     0.34 %
Dividend yield     0 %
Volatility     60.7 %
Contractual term (in years)     7