FAIR VALUE MEASUREMENT INPUTS AND VALUATION TECHNIQUES |
FAIR VALUE
MEASUREMENT INPUTS AND VALUATION TECHNIQUES
Date |
|
Number of Stock Warrants |
|
|
Stock Price |
|
|
Strike Price |
|
|
Expected Volatility |
|
|
Interest Rate |
|
|
Warrants and Rights Outstanding, Measurement Input |
|
|
Expected Term |
|
|
Fair Value |
|
|
|
Number of |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expected |
|
|
|
|
|
|
Stock |
|
|
Stock |
|
|
Strike |
|
|
Expected |
|
|
Interest |
|
|
Dividend |
|
|
Term |
|
|
Fair |
|
Date |
|
Warrants |
|
|
Price |
|
|
Price |
|
|
Volatility |
|
|
Rate |
|
|
Rate |
|
|
(years) |
|
|
Value |
|
9/12/2022 |
|
|
33,150,000 |
|
|
$ |
0.19 |
|
|
$ |
0.19 |
|
|
|
103.09 |
% |
|
|
3.47 |
% |
|
|
0.00 |
% |
|
|
3.0 |
|
|
$ |
4,088,769 |
|
11/1/2022 |
|
|
100,000 |
|
|
$ |
0.20 |
|
|
$ |
0.20 |
|
|
|
102.86 |
% |
|
|
4.27 |
% |
|
|
0.00 |
% |
|
|
1.0 |
|
|
$ |
8,116 |
|
11/3/2022 |
|
|
5,000,000 |
|
|
$ |
0.19 |
|
|
$ |
0.19 |
|
|
|
102.84 |
% |
|
|
4.36 |
% |
|
|
0.00 |
% |
|
|
3.0 |
|
|
$ |
618,176 |
|
12/29/2022 |
|
|
285,714 |
|
|
$ |
0.20 |
|
|
$ |
0.01 |
|
|
|
103.49 |
% |
|
|
3.94 |
% |
|
|
0.00 |
% |
|
|
1.0 |
|
|
$ |
54,401 |
|
3/3/2023 |
|
|
114,286 |
|
|
$ |
0.17 |
|
|
$ |
0.01 |
|
|
|
137.62 |
% |
|
|
4.26 |
% |
|
|
0.00 |
% |
|
|
1.0 |
|
|
$ |
18,710 |
|
6/1/2023 |
|
|
150,000 |
|
|
$ |
0.12 |
|
|
$ |
0.19 |
|
|
|
150.24 |
% |
|
|
3.70 |
% |
|
|
0.00 |
% |
|
|
3.0 |
|
|
$ |
14,013 |
|
|
SCHEDULE OF OUTSTANDING STOCK WARRANTS AND CHANGES |
A
summary of the status of the Company’s outstanding stock warrants and changes during the periods is presented below:
SCHEDULE
OF OUTSTANDING STOCK WARRANTS AND CHANGES
|
|
Shares available to purchase |
|
|
Weighted Average |
|
|
Weighted Average Remaining Contractual |
|
|
Aggregate |
|
|
|
with warrants |
|
|
Exercise Price |
|
|
Term (in years) |
|
|
Intrinsic Value |
|
Outstanding, December 31, 2023 |
|
|
39,350,000 |
|
|
$ |
0.20 |
|
|
|
3.87 |
|
|
$ |
61,600 |
|
Issued |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Exercised |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Cancelled |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Expired |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Outstanding, June 30, 2024 |
|
|
39,350,000 |
|
|
$ |
0.20 |
|
|
|
3.37 |
|
|
$ |
36,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercisable, June 30, 2024 |
|
|
23,599,983 |
|
|
$ |
0.20 |
|
|
|
3.37 |
|
|
$ |
36,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding, December 31, 2022 |
|
|
41,085,714 |
|
|
$ |
0.24 |
|
|
|
4.64 |
|
|
$ |
45,714 |
|
Issued |
|
|
264,286 |
|
|
|
0.11 |
|
|
|
5.38 |
|
|
|
12,571 |
|
Exercised |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Cancelled |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Expired |
|
|
(2,000,000 |
) |
|
|
1.05 |
|
|
|
- |
|
|
|
- |
|
Outstanding, June 30, 2023 |
|
|
39,350,000 |
|
|
$ |
0.20 |
|
|
|
4.27 |
|
|
$ |
44,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercisable, June 30, 2023 |
|
|
3,015,970 |
|
|
$ |
0.19 |
|
|
|
4.41 |
|
|
$ |
44,000 |
|
|
SCHEDULE OF EXERCISABLE WARRANTS |
The
following table summarizes information about stock warrants to purchase shares of the Company’s Class A common stock outstanding
and exercisable as of June 30, 2024:
SCHEDULE
OF EXERCISABLE WARRANTS
|
|
|
|
|
|
Weighted- |
|
|
Weighted- |
|
|
|
|
|
|
|
|
|
|
Average |
|
|
Average |
|
|
|
|
Range of |
|
|
Outstanding |
|
|
Remaining Life |
|
|
Exercise |
|
|
Number |
|
exercise prices |
|
|
Warrants |
|
|
In Years |
|
|
Price |
|
|
Exercisable |
|
$ |
1.00 |
|
|
|
250,000 |
|
|
|
0.25 |
|
|
$ |
1.00 |
|
|
|
250,000 |
|
$ |
0.90 |
|
|
|
300,000 |
|
|
|
1.25 |
|
|
$ |
0.90 |
|
|
|
275,000 |
|
$ |
0.19 |
|
|
|
38,300,000 |
|
|
|
3.40 |
|
|
$ |
0.19 |
|
|
|
22,574,983 |
|
$ |
0.20 |
|
|
|
100,000 |
|
|
|
3.34 |
|
|
$ |
0.20 |
|
|
|
100,000 |
|
$ |
0.01 |
|
|
|
400,000 |
|
|
|
3.55 |
|
|
$ |
0.01 |
|
|
|
400,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
39,350,000 |
|
|
|
3.37 |
|
|
$ |
0.20 |
|
|
|
23,599,983 |
|
|