General form of registration statement for all companies including face-amount certificate companies

WARRANTS (Tables)

v3.23.3
WARRANTS (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Warrants    
SCHEDULE OF FAIR VALUE OF WARRANTS

The following table summarizes the calculated aggregate fair values for the warrant derivative liability using the Black-Scholes method based on the following assumptions at December 31, 2022:

 

Exercise price per share of warrant   $ 5.25  
Fair market closing price per share of Common Stock   $ 4.13  
Volatility     107-121 %
Expected term (years)     5.0  
Risk-free interest rate     1.37-1.62 %
Dividend yield     0 %