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CONVERTIBLE NOTE PAYABLE – RELATED PARTY (Tables)
3 Months Ended
Mar. 31, 2024
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, 2022  $53,967 
Increase to derivative due to new issuances   519,989 
Derivative gain due to mark to market adjustment   (280,335)
Balance at December 31, 2023   293,621 
Decrease to derivative due to repayments   (66,769)
Derivative gain due to mark to market adjustment   (102,878)
Balance at March 31, 2024  $123,974 
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  March 31, 2024   Initial Valuation 
Stock price  $0.003   $0.0022 - 0.0039 
Conversion price  $0.0003   $0.0012 - 0.002  
Volatility (annual)   314.27% - 357.74%   186.77% - 500.68%
Risk-free rate   5.4%   4.19% - 4.96%
Dividend rate        
Years to maturity   0.25 - 0.68    1