DERIVATIVE LIABILITIES	3 Months Ended
Mar. 31, 2023
DERIVATIVE LIABILITIES
DERIVATIVE LIABILITIES	8. DERIVATIVE LIABILITIES The fair value of the Company’s derivative liabilities is estimated at the issuance date and is revalued at each subsequent reporting date. We estimate the fair value of derivative liabilities associated with our convertible notes payable and stock options using a multinomial lattice model based on projections of various potential future outcomes. Where the number of stock options or common shares to be issued under these agreements is indeterminate, the Company has concluded that the equity environment is tainted, and all additional stock options, convertible debt and equity are included in the value of the derivatives. The calculation input assumptions are subject to significant changes from period to period and to management’s judgment; therefore, the estimated fair value of the derivative liability will fluctuate from period to period, and the fluctuation may be material. During the three months ended March 31, 2023, all convertible notes payable that created a tainted equity environment were extinguished; therefore, all derivative liabilities were eliminated in the consolidated financial statements.

DERIVATIVE LIABILITIES

3 Months Ended

Mar. 31, 2023

8. DERIVATIVE LIABILITIES

The fair value of the Company’s derivative liabilities is estimated at the issuance date and is revalued at each subsequent reporting date. We estimate the fair value of derivative liabilities associated with our convertible notes payable and stock options using a multinomial lattice model based on projections of various potential future outcomes. Where the number of stock options or common shares to be issued under these agreements is indeterminate, the Company has concluded that the equity environment is tainted, and all additional stock options, convertible debt and equity are included in the value of the derivatives.

The calculation input assumptions are subject to significant changes from period to period and to management’s judgment; therefore, the estimated fair value of the derivative liability will fluctuate from period to period, and the fluctuation may be material.

During the three months ended March 31, 2023, all convertible notes payable that created a tainted equity environment were extinguished; therefore, all derivative liabilities were eliminated in the consolidated financial statements.