Warrant Liabilities (Details 2) |
9 Months Ended |
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Sep. 30, 2023
$ / shares
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Expected life (years) | 4 years |
Expected volatility | 74.70% |
Expected dividend rate | 0.00% |
Exercise price | $ 0.64 |
February 2021 Warrant [Member] | |
Expected forfeiture rate | 0.00% |
Expected life (years) | 3 months 18 days |
Expected volatility | 52.90% |
Risk free rate | 4.80% |
Expected dividend rate | 0.00% |
Exercise price | $ 1.35 |
Market price | $ 1.54 |
February 2023 Warrant [Member] | |
Expected forfeiture rate | 0.00% |
Expected life (years) | 2 years 4 months 24 days |
Expected volatility | 66.20% |
Risk free rate | 4.70% |
Expected dividend rate | 0.00% |
Exercise price | $ 1.50 |
Market price | $ 1.54 |
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- Definition The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The maximum risk-free interest rate assumption that is used in valuing an option on its own shares. No definition available.
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- Definition Weighted average price at which option holders acquired shares when converting their stock options into shares. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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