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CONVERTIBLE NOTE PAYABLE – RELATED PARTY (Tables)

9 Months Ended

Sep. 30, 2023

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
Beginning balance		53,967
Increase to derivative due to new issuances		49,021
Increase to derivative due to repayments		—
Derivative gain due to mark to market adjustment		159,797
Balance at September 30, 2023	$	262,785
Ending balance	$	262,785

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 is as follows:

Inputs	September 30, 2023		Initial Valuation
Stock price	$	0.002	$	0.0022 - 0.0039
Conversion price	$	0.00047	$	0.0012 - 0.002
Volatility (annual)		267.78% - 592.71%		186.77% - 500.68%
Risk-free rate		5.53% - 5.55		4.19% - 4.96%
Dividend rate		–		–
Years to maturity		0.25 - 0.52		1

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References + Details