Annual report pursuant to Section 13 and 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

v3.22.1
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
SCHEDULE OF FAIR VALUE LIABILITIES MEASURED ON RECURRING BASIS

 

(in thousands)   December 31, 2021  
Balance at January 1, 2021   $  
Fair value at issuance date     1,194  
Change in fair value     (95 )
Balance at December 31, 2021   $ 1,099  
SCHEDULE OF ESTIMATED FAIR VALUE ASSUMPTIONS

 

Volatility     90.00 %
Risk free rate     0.26% - 0.62 %
Stock price   $ 0.40  
Credit spread     6.78 %