DERIVATIVE LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

SCHEDULE OF VALUATION ASSUMPTIONS

Changes to these inputs could produce a significantly higher or lower fair value measurement. The fair value of each warrant is estimated using the Black-Scholes valuation model. The following assumptions were used in June 30, 2022 and December 31, 2021:

	Six Months Ended June 30, 2022			Year Ended December 31,  2021
Expected term		1 year			1 year
Expected volatility		233 - 260	%		164 – 269	%
Expected dividend yield		-			-
Risk-free interest rate		1.65 – 2.80	%		0.15	%

SCHEDULE OF DERIVATIVE LIABILITIES

The Company’s derivative liabilities are as follows:

	June 30, 2022		December 31, 2021
Fair value of the Platinum Point warrants (25,000 warrants)	$	63,250	$	90,000
Fair value of the Evergreen 1 conversion option		636,000		223,448
Fair value of the Evergreen 1 warrants (62,069 warrants)		237,104		307,862
Fair value of the Evergreen 2 conversion option		104,690		148,965
Fair value of the Evergreen 2 warrants (41,379 warrants)		158,069		205,241
Fair value of the Evergreen 3 conversion option		52,345		74,483
Fair value of the Evergreen 3 warrants (20,690 warrants)		79,034		102,621
	$	1,330,492	$	1,152,620

SCHEDULE OF ACTIVITY RELATED TO DERIVATIVE LIABILITIES

Activity related to the derivative liabilities for the six months ended June 30, 2022 is as follows:

Beginning balance as of December 31, 2021	$	1,152,620
Issuances of warrants/conversion option – derivative liabilities		-
Extinguishment of derivative liability upon conversion/repayment of convertible notes		(-	)
Change in fair value of warrants/conversion option - derivative liabilities		177,872
Ending balance as of June 30, 2022	$	1,330,492