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 |
|
|
December
31,
2025 |
|
| Expected volatility (%) (*) | |
| 117.19 | % |
|
| 117.68 |
% |
|
| 152.35 |
% |
| Risk-free interest rate (%) | |
| 3.51 | % |
|
| 4.38 |
% |
|
| 3.73 |
% |
| Expected dividend yield | |
| 0.0 | % |
|
| 0.0 |
% |
|
| 0.0 |
% |
| Expected term of options (years) | |
| 5 | |
|
| 5 |
|
|
| 4.75 |
|
| Exercise price (US dollars) | |
$ | 35 | |
|
$ | 35 |
|
|
$ | 3.5 |
(**) |
| Share price (US dollars) | |
$ | 8.65 | |
|
$ | 8.68 |
|
|
$ | 1.68 |
|
| Fair value (U.S. dollars) | |
$ | 307 | |
|
$ | 312 |
|
|
$ | 78 |
|
| (*) | | 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 $35 to $3.5 per share. |
|