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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