Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

FAIR VALUE MEASUREMENTS (Tables)

v3.24.3
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2024
Series A Warrants [Member]  
SCHEDULE OF FAIR VALUE OF WARRANTS USING BLACK-SCHOLES VALUATION MODEL

The inputs associated with calculating the fair value of the warrants are considered to be Level 2 and were valued using a Black-Scholes valuation model. The inputs were as follows:

SCHEDULE OF FAIR VALUE OF WARRANTS USING BLACK-SCHOLES VALUATION MODEL 

    June 30, 2024     December 31, 2023  
Exercise price   $ 1,000     $ 1,000  
Share price   $ 8.24     $ 31.70  
Time to maturity     3.9 years       4.4 years  
Expected volatility     90 %     90 %
Risk free interest rate (US treasury bond)     3.90 %     4.0 %
Dividend yield     -       -  
Series B Warrants [Member]  
SCHEDULE OF FAIR VALUE OF WARRANTS USING BLACK-SCHOLES VALUATION MODEL

The inputs associated with calculating the fair value of the warrants are considered to be Level 2 and were valued using a Black-Scholes valuation model. The inputs were as follows:

 

    June 30, 2024     December 31, 2023  
Exercise price   $ 1,000     $ 1,000  
Share price   $ 8.24     $ 31.70  
Time to maturity     0.9 years       1.4 years  
Expected volatility     90 %     90 %
Risk free interest rate (US treasury bond)     4.3 %     4.0 %
Dividend yield     -       -  
Series A-B Placement Agent Warrants [Member]  
SCHEDULE OF FAIR VALUE OF WARRANTS USING BLACK-SCHOLES VALUATION MODEL

The inputs associated with calculating the fair value of the warrants are considered to be Level 2 and were valued using a Black-Scholes valuation model. The inputs were as follows:

 

    June 30, 2024     December 31, 2023  
Exercise price   $ 1,250     $ 1,250  
Share price   $ 8.24     $ 31.70  
Time to maturity     3.9 years       4.4 years  
Expected volatility     90 %     90 %
Risk free interest rate (US treasury bond)     3.9 %     4.0 %
      -       -  
Series C Placement Agent Warrants [Member]  
SCHEDULE OF FAIR VALUE OF WARRANTS USING BLACK-SCHOLES VALUATION MODEL

The inputs associated with calculating the fair value of the warrants are considered to be Level 2 and were valued using a Black-Scholes valuation model. The inputs were as follows:

 

    June 30, 2024     December 31, 2023  
Exercise price   $ 400     $ 400  
Share price   $ 8.24     $ 31.70  
Time to maturity     3.74 years       4.2 years  
Expected volatility     90 %     90 %
Risk free interest rate (US treasury bond)     4.49 %     4.0 %
Dividend yield     -       -