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

Derivative Financial Instruments (Tables)

v3.22.4
Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2022
Derivative Financial Instruments [Abstract]  
Schedule of conversion feature derivative valuations
    Inception     September 30,
2022		  
Common stock price   $ 25.5     $ 10.2  
Exercise price   $ 28.05-30.6       28.05-30.6  
Expected volatility     100.0 %     92.0-100.0 %
Risk free rate     2.3-3.0 %     3.3-4.0 %
Expected dividend yield     0 %     0 %
Expected term (years)     0.55-1.25       0.25-0.95  
Discount rate     37.7 %     37.7 %
PV factor     0.67-0.84       0.80  

 
Schedule of warrant derivative valuations
    Inception     September 30,
2022		  
Common stock price   $ 25.5     $ 10.2  
Expected volatility     100.0 %     98.0 %
Expected term (years)     6.05       5.5  
Risk free rate     3.5 %     4.0 %
Expected dividend yield     0 %     0 %

 
Schedule of derivative liabilities
    Conversion Feature     Warrants     Total  
Balance at December 31, 2021    
   -
      
   -
      
   -
  
Issuance – June 13, 2022   $ 1,610,000     $ 1,622,399     $ 3,232,399  
Movement in fair value     (451,000 )     (924,048 )     (1,375,048 )
Balance at September 30, 2022   $ 1,159,000     $ 698,351     $ 1,857,351