XML 55 R44.htm IDEA: XBRL DOCUMENT v3.22.1
DERIVATIVE LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
SCHEDULE OF VALUATION ASSUMPTIONS

 

   Year Ended
December 31,
2021		   Year Ended
December 31,
2020		 
         
Expected term   1 year               - 
Expected volatility   164 - 269%   - 
Expected dividend yield   -    - 
Risk-free interest rate   0.15%   - 
SCHEDULE OF DERIVATIVE LIABILITIES

The Company’s derivative liabilities are as follows:

SCHEDULE OF DERIVATIVE LIABILITIES

   December 31,
2021		   December 31,
2020		 
  $     
Fair value of the Platinum Point warrants (25,000 warrants)  $90,000    - 
Fair value of the Evergreen 1 conversion option   223,448    - 
Fair value of the Evergreen 1 warrants (62,069 warrants)   307,862    - 
Fair value of the Evergreen 2 conversion option   148,965    - 
Fair value of the Evergreen 2 warrants (41,379 warrants)   205,241    - 
Fair value of the Evergreen 3 conversion option   74,483    - 
Fair value of the Evergreen 3 warrants (20,690 warrants)   102,621    - 
   $1,152,620   $- 
SCHEDULE OF ACTIVITY RELATED TO DERIVATIVE LIABILITIES

Activity related to the derivative liabilities for the year ended December 31, 2021 is as follows:

SCHEDULE OF ACTIVITY RELATED TO DERIVATIVE LIABILITIES

Beginning balance as of December 31, 2020  $- 
Issuances of warrants/conversion option – derivative liabilities   1,289,874 
Extinguishment of derivative liability upon conversion/repayment of convertible notes   (1,089,675)
Change in fair value of warrants/conversion option - derivative liabilities   952,421 
Ending balance as of December 31, 2021  $1,152,620