The
Company utilized the Black-Scholes option-pricing model to estimate fair value, utilizing the following assumptions for the options issued
during the six months ended June 30, 2024 (all in weighted averages):
SCHEDULE OF FAIR VALUE OF OPTION USING VALUATION ASSUMPTIONS
| | |
Six Months Ended June 30, 2024 | |
| Risk-free interest
rate | |
| 4.3 | % |
| Expected term of options, in years | |
| 5.00 | |
| Expected annual volatility
| |
| 116.9 | % |
| Expected dividend yield | |
| 0 | % |
| Determined weighted average grant date fair value per option | |
$ | 0.06 | |
|