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DERIVATIVE LIABILITY (Tables)
12 Months Ended
Dec. 31, 2023
DERIVATIVE LIABILITY  
Schedule of fair value assumptions used to measure derivative liabilities

 

 

Year Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Expected term

 

 0.55 years

 

 

 0.37 - 0.82 years

 

Expected average volatility

 

 202% - 393

 

 223% - 349

Expected dividend yield

 

 

-

 

 

 

-

 

Risk-free interest rate

 

 4.01% - 5.43

 

 2.07% - 4.73

Schedule of derivative liabilities

Balance - December 31, 2021

 

$4,892,985

 

Addition of new derivative liabilities upon issuance of convertible notes as debt discount

 

 

19,719

 

Reduction of derivative liabilities from exercise of warrants

 

 

(116,485)

Addition of new derivative liabilities upon issuance of warrants as debt discount

 

 

43,801

 

Addition of new derivatives liabilities recognized as day one loss on convertible notes and warrants

 

 

125,714

 

Gain on change in fair value of the derivative

 

 

(2,330,867)

Balance - December 31, 2022

 

$2,634,867

 

Addition of new derivative liabilities upon issuance of convertible notes as debt discount

 

 

29,111

 

Reduction of derivative liabilities from exercise of warrants

 

 

(64,683)

Addition of new derivative liabilities upon issuance of warrants as debt discount

 

 

59,000

 

Addition of new derivatives liabilities recognized as day one loss on convertible notes and warrants

 

 

101,123

 

Gain on change in fair value of the derivative

 

 

(920,612)

Balance - December 31, 2023

 

$1,838,806

 

Schedule of loss (gain) on derivative liability

 

 

Year Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Day one loss due to derivative liabilities on convertible notes and warrants

 

$101,123

 

 

$125,714

 

Gain on change in fair value of derivative liabilities on convertible notes and warrants

 

$(920,612)

 

$(2,330,867)

Loss (Gain) on change in fair value of derivative liabilities

 

$(819,489)

 

$(2,205,153)