Quarterly report [Sections 13 or 15(d)]

FAIR VALUE (Tables)

v3.25.1
FAIR VALUE (Tables)
3 Months Ended
Mar. 31, 2025
July 2024 Warrants  
FAIR VALUE  
Schedule of modified option pricing assumptions and assumptions used upon issuance

    

March 31,

    

December 31,

 

2025

2024

 

Volatility

 

112.00

%  

80.60-104.00

%

Risk-free interest rate

 

3.80

%  

3.50-4.20

%

Expected life (years)

 

3.30

 

0.50-4.80

Dividend

 

0

%  

0

%

September 2023 Warrants  
FAIR VALUE  
Schedule of modified option pricing assumptions and assumptions used upon issuance

    

March 31,

    

December 31,

2025

2024

Volatility

100

%  

105

%

Risk-free interest rate

 

4.48

%  

4.20-4.30

%

Expected life (years)

 

3.69

0.80-4.20

Dividend

 

0

%  

0

%

October 2022 Warrants  
FAIR VALUE  
Schedule of modified option pricing assumptions and assumptions used upon issuance

    

March 31, 

    

December 31, 

 

2025

2024

Volatility

117.90

%  

117.50

%

Risk-free interest rate

 

3.89

%  

4.27

%

Expected life (years)

 

2.60

 

2.80

Dividend

 

0

%  

0

%

Schedule of changes in the fair market value of the warrants

    

2025

    

2024

Beginning warrant fair value

$

1,718,000

$

13,131,691

Change in warrant fair value

340,000

13,977,013

Settlement of Tranche A warrants to equity

(4,800,000)

Exercise of 2022 Common Warrants

 

(1,225,676)

Ending warrant fair value

$

2,058,000

$

21,083,028