Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE (Tables)

v3.23.3
FAIR VALUE (Tables)
9 Months Ended
Sep. 30, 2023
FAIR VALUE  
Schedule of modified option pricing assumptions

The following table summarizes the modified option-pricing assumptions used on September 8, 2023, which was the date of issuance, and September 30, 2023:

    

September 8

    

September 30

Volatility

83.0-84.0

%

83.0-84.0

%

Risk-free interest rate

 

4.39-5.53

%

4.61-5.55

%

Expected life (years)

 

0.4-5.0

0.3-5.0

Dividend

 

0

%

0

%

Schedule of changes in the fair market value of the warrants

The following table summarizes the changes in the fair market value of the warrants which are classified within the Level 3 fair value hierarchy from September 8, 2023, which was the date of issuance, through September 30, 2023:

    

Level 3

Beginning fair value of warrants

$

4,700,000

Loss from change in fair value

 

3,900,000

September 30, 2023 fair value of warrants

$

8,600,000