SCHEDULE OF DERIVATIVE AND WARRANT AT FAIR VALUE |
The following is a summary of
activity of Level 3 derivatives during the three months ended June 30, 2022 and the year ended March 31, 2022:
SCHEDULE OF
DERIVATIVE AND WARRANT AT FAIR VALUE
Derivatives
|
|
June 30, 2022 |
|
|
March 31, 2022 |
|
|
|
(unaudited) |
|
|
|
|
Derivative liability balance at beginning of period |
|
$ |
13,101,000 |
|
|
$ |
- |
|
Reclass to equity upon conversion or redemption |
|
|
- |
|
|
|
- |
|
Additions to derivatives |
|
|
- |
|
|
|
12,985,000 |
|
Change in fair value |
|
|
1,314,000 |
|
|
|
116,000 |
|
Balance at end of period |
|
$ |
11,787,000 |
|
|
$ |
13,101,000 |
|
Warrant liability
|
|
June 30, 2022 |
|
|
March 31, 2022 |
|
|
|
(unaudited) |
|
|
|
|
Warrant liability balance at beginning of period |
|
$ |
3,923,000 |
|
|
$ |
- |
|
Additions to warrant liability |
|
|
- |
|
|
|
5,910,000 |
|
Reclass to equity upon cancellation or exercise |
|
|
- |
|
|
|
- |
|
Change in fair value |
|
|
1,915,000 |
|
|
|
(1,987,000 |
) |
Balance at end of period |
|
$ |
2,008,000 |
|
|
$ |
3,923,000 |
|
|