XML 43 R23.htm IDEA: XBRL DOCUMENT v3.24.1

Derivative Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Monte Carlo Simulation Assumption

The range of key inputs for the Monte Carlo simulation for the year ended December 31, 2023, were as follows:

 Schedule of Monte Carlo Simulation Assumption

Net cash settlement and down round key valuation inputs – warrants*
Annualized volatility			77.51% - 92.33%
Risk-free interest rate			4.01% - 5.23%
Quoted VWAP*		$	0.59
Exercise price		$	2.35
Probability assessment			5% - 25%
Illiquidity discount			-17%
Time period (years)			0.53 - 3.03

* Based on a Monte Carlo simulation analysis of 50,000 iterations

Acceleration option key valuation inputs*
Annualized volatility			34.23% - 59.15%
Risk-free interest rate			4.68% - 5.60%
Quoted VWAP*			$0.59
Illiquidity discount			-17%
Time period (years)			0 - 1.2

* Based on a Monte Carlo simulation analysis of 50,000 iterations

Schedule of Derivative Liabilities

The following table summarizes the changes in the derivative liabilities:

 Schedule of Derivative Liabilities

Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
		Warrants				Accelerated Feature
Balance - December 31, 2021		$	94,025			$	-
Gain on change in fair value			(94,025	)			-
Balance - December 31, 2022			-				-
Addition of new derivatives			1,189,000				1,442,000
Gain on change in fair value			(778,340	)			(1,438,148	)
Balance - December 31, 2023		$	410,660			$	3,852

X

- 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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-3

+ Details

Name:	us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration