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CONVERTIBLE NOTE PAYABLE – RELATED PARTY (Tables)
6 Months Ended
Jun. 30, 2023
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:

 

SCHEDULE OF ACTIVITY OF THE DERIVATIVE LIABILITY

      
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 
Increase to derivative due to new issuances   32,464 
Increase to derivative due to repayments   — 
Derivative loss due to mark to market adjustment   12,551 
Balance at June 30, 2023  $98,982 
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 June 30, 2023 is as follows:

 

SCHEDULE OF DERIVATIVE LIABILITY THAT ARE CATEGORIZED WITHIN LEVEL 3 OF THE FAIR VALUE HIERARCHY 

Inputs  June 30, 2023   Initial  Valuation 
Stock price  $0.0009   $0.0022 - 0.0039 
Conversion price  $0.0054   $0.0012 - 0.002 
Volatility (annual)   487.3% - 781.5%   186.77% - 500.68%
Risk-free rate   5.4%   4.19% - 4.96%
Dividend rate   –    – 
Years to maturity   0.27 - 0.77    1