The
assumptions used to perform the calculations are detailed below:
SCHEDULE OF ESTIMATED FAIR VALUE OF WARRANT SHARES
| Fair value of the conversion feature | |
October 1,
2024 | | |
December 31,
2024 | | |
June 30,
2025 | |
| Expected volatility (%) (*) | |
| 117.19 | % | |
| 117.68 | % | |
| 157.30 | % |
| Risk-free interest rate (%) | |
| 3.51 | % | |
| 4.38 | % | |
| 3.79 | % |
| Expected dividend yield | |
| 0.0 | % | |
| 0.0 | % | |
| 0.0 | % |
| Expected term of options (years) | |
| 5 | | |
| 5 | | |
| 5 | |
| Exercise price (US dollars) | |
$ | 1 | | |
$ | 1 | | |
$ | 0.1 | (**) |
| Share price (US dollars) | |
$ | 0.247 | | |
$ | 0.248 | | |
$ | 0.23 | |
| Fair value (U.S. dollars) | |
$ | 307 | | |
$ | 312 | | |
$ | 406 | |
| |
(*) |
The expected volatility was based on the historical
volatility of the share price of the Company. |
| |
(**)
|
In accordance with the anti-dilution provisions of the warrant agreement and following the Company’s entry into PIPE Agreement, the exercise price of the warrants was adjusted from $1.00 to $0.1 per share. |
|
The
Company estimated the fair value of the Warrant Shares as of October 1, 2024 and December 31, 2024, using the Black-Scholes option pricing
model. The assumptions used to perform the calculations are detailed below:
SCHEDULE
OF WARRANT ASSUMPTIONS USED
| Fair value of the conversion feature | |
October 1, 2024 | | |
December 31, 2024 | |
| Expected volatility (%) (*) | |
| 117.19 | % | |
| 117.68 | % |
| Risk free interest rate (%) | |
| 3.51 | % | |
| 4.38 | % |
| Expected dividend yield | |
| 0.0 | % | |
| 0.0 | % |
| Expected term of options (years) | |
| 5 | | |
| 5 | |
| Exercise price (US dollars) | |
$ | 1 | | |
$ | 1 | |
| Share price (US dollars) | |
$ | 0.247 | | |
$ | 0.248 | |
| Fair value (U.S. dollars) | |
$ | 307 | | |
$ | 312 | |
| (*) | | The expected volatility
was based on the historical volatility of the share price of the Company. |
|