REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS DEFICIT (Tables)

12 Months Ended

Dec. 31, 2023

	2023			2022

Sales and marketing expense (recovery)	$	(17,602	)	$	131,858
General and administrative expense		7,000			-
Stock based compensation expense	$	(10,602	)	$	131,858

	Common Stock Options and Warrants			Weighted-Average Grant Date Exercise Price

Outstanding at December 31, 2022 and 2021		25,772,803		$	0.06
Granted during the year		1,030,000		$	0.04
Forfeited during the year		(1,030,000	)	$	0.04
Outstanding at December 31, 2023		25,772,803		$	0.06

	Common Stock Options and Warrants			Weighted-Average Grant Date Exercise Price

Non-vested at December 31, 2021		2,025,000		$	0.08
Vested during the year		(2,025,000	)	$	0.08
Non-vested at December 31, 2022 and 2023		-

Common Stock Options and Warrants Outstanding

Common Stock Options

and Warrants Exercisable

Weighted

Number

Average

Weighted

Number

Weighted

Outstanding at

Remaining

Average

Exercisable at

Average

December 31,

Contractual

Exercise

December 31,

Exercise

2023

Life (Years)

Price

2023

Price

$0.03-0.10

25,772,803

5.76

0.06

25,772,803

0.06

	2023			2022

Expected dividend yield		-			N/A
Expected stock price volatility		97	%		N/A
Risk-free interest rate		4	%		N/A
Expected life of options (years)		1.96			N/A
Weighted average fair value of options and warrants granted	$	0.21			N/A

Valuation Inputs	December 31, 2023			December 31, 2022
Expected Time to Expiration (years)		24.05			25.05
Stock Price on Valuation Date	$	0.23		$	0.21
Peer Volatility		47.35	%		52.31	%
Cash Flow Discount Rate		15.86	%		12.93	%

	Preferred Stock Warrant Liability
Fair value as of December 31, 2021	$	513,750
Change in fair value		115,625
Fair value as of December 31, 2022	$	629,375
Change in fair value		(17,812	)
Fair value as of December 31, 2023	$	611,563

QUOTEMEDIA INC 10-K