XML 32 R23.htm IDEA: XBRL DOCUMENT v3.23.1
CONVERTIBLE NOTE PAYABLE – RELATED PARTY (Tables)
12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
SCHEDULE OF ACTIVITY OF THE DERIVATIVE LIABILITY

A summary of the activity of the derivative liability for the notes above is as follows:

 

      
Balance at December 31, 2021  $ 
Increase to derivative due to new issuances   61,582 
Decrease to derivative due to repayments    
Derivative gain due to mark to market adjustment   (7,615)
Balance at December 31, 2022  $53,967 
SCHEDULE OF DERIVATIVE LIABILITY THAT ARE CATEGORIZED WITHIN LEVEL 3 OF THE FAIR VALUE HIERARCHY

A summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company’s derivative liability that are categorized within Level 3 of the fair value hierarchy as of December 31, 2022 is as follows:

 

Inputs  December 31, 2022   Initial Valuation 
Stock price  $0.0019   $0.0039 
Conversion price  $0.001   $0.002 
Volatility (annual)   285.34%   500.68%
Risk-free rate   4.75%   4.19%
Dividend rate        
Years to maturity   0.76    1