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CONVERTIBLE NOTE PAYABLE – RELATED PARTY (Tables)

6 Months Ended

Jun. 30, 2024

SCHEDULE OF ACTIVITY OF 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
Beginning balance		293,621
Decrease to derivative due to repayments		(66,769	)
Increase/Decrease to derivative due to new issuances/repayments		(66,769	)
Derivative gain due to mark to market adjustment		2,163
Balance at June 30, 2024	$	229,015
Ending balance	$	229,015

SCHEDULE OF DERIVATIVE LIABILITY VALUATION

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	June 30, 2024			Initial Valuation
Stock price	$	0.0005		$	0.0022 - 0.0039
Conversion price	$	0.0005		$	0.0012 - 0.002
Volatility (annual)		269.57% - 320.97	%		186.77% - 500.68	%
Risk-free rate		5.4	%		4.19% - 4.96	%
Dividend rate		–			–
Years to maturity		0.25 - 0.43			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