SCHEDULE OF WEIGHTED AVERAGE ASSUMPTIONS (Details) - $ / shares |
12 Months Ended | |
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Dec. 31, 2022 |
Dec. 31, 2021 |
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Equity [Abstract] | ||
Expected volatility | 78.05% | 80.00% |
Expected Term (in years) | 3 years 25 days | 3 years 3 months 21 days |
Risk-free interest rate | 3.35% | 0.92% |
Fair value of options | $ 0.60 | $ 2.59 |
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- Definition Sharebased compensation arrangement by Sharebased payment award fair value assumptions fair value. No definition available.
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- References No definition available.
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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 risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Expected term of award under share-based payment arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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