The
fair value of the warrant liabilities was determined using a Black-Scholes option pricing module. The assumptions used to perform the
calculations are detailed below:
SCHEDULE OF ESTIMATED FAIR VALUE OF WARRANT SHARES ASSUMPTIONS
| Month | |
Expected
volatility (%) (*) | |
Risk
free interest rate | |
Expected
dividend yield | |
Expected
term of options (years) | |
Exercise
price
(US dollars) | |
Share
price
(US dollars) | |
Fair
value
(U.S. dollars) |
| January, 2025 | |
140.61 | % |
| 4.38 | % |
| 0.0 | % |
| 5.5 | |
$ | 8.40 | |
$ | 37.45 | |
$ | 9,651 |
| March, 2025 | |
151.68 | % |
| 4.09 | % |
| 0.0 | % |
| 5.3 | |
$ | 8.40 | |
$ | 10.85 | |
$ | 212 |
| May, 2025 | |
156.95%-159.21 | % |
| 3.87%-4.17 | % |
| 0.0 | % |
| 5.10-5.16 | |
$ | 8.40 | |
$ | 9.45-$23.8 | |
$ | 22-$1,092 |
| June, 2025 | |
157.30%-157.96 | % |
| 3.79%-
4.04 | % |
| 0.0 | % |
| 5.00-5.04 | |
$ | 8.40 | |
$ | 8.05-$8.4 | |
$ | 223-$429 |
| July 28, 2025 | |
156.54 | % |
| 3.96 | % |
| 0.0 | % |
| 4.93 | |
$ | 8.40 | |
$ | 9.35 | |
$ | 65 |
| September, 2025 | |
154.63%-155.19 | % |
| 3.68%-3.74 | % |
| 0.0 | % |
| 4.75-4.77 | |
$ | 5.2-$8.4 | |
$ | 3.72-$5.19 | |
$ | 232-$385 |
| December 31, 2025 | |
152.35 | % |
| 3.73 | % |
| 0.0 | % |
| 4.5 | |
$ | 5.2 | |
$ | 1.68 | |
$ | 113 |
| (*) | | The expected volatility
was based on the historical volatility of the share price of the Company. |
|