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DERIVATIVE LIABILITIES (Tables)
3 Months Ended
Mar. 31, 2023
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 March 31, 2022 and December 31, 2021:

 

    

Three Months Ended

March 31,

2023

    

Year Ended

December 31,

2022

 
           
Expected term   0.870.05 years    1.001.00 years 
Expected volatility   169.91268.79%   187.00355.00%
Expected dividend yield   0.000.00%   0.000.00%
Risk-free interest rate   3.984.78%   1.654.73%
SCHEDULE OF DERIVATIVE LIABILITIES

The Company’s derivative liabilities are as follows:

 

  

March 31,

2023

  

December 31,

2022

 
         
Fair value of the Evergreen 4 conversion option  $66,775   $58,917 
Fair value of the GS Capital conversion option   74,859    157,676 
Fair value of the Platinum Point warrants (25,000 warrants)   31,223    - 
Fair value of the Keystone 1 conversion option   7,557,012    - 
Fair value of the Keystone 2 conversion option   2,506,671    - 
Fair value of the Calvary 1 conversion option   10,117,180    - 
Fair value of the Calvary 2 conversion option   10,045,935    - 
Fair value of the Calvary 3 conversion option   9,999,387    - 
Fair value of the Eleven 11 - 1 conversion option   5,061,347    - 
Fair value of the Eleven 11 – 2 conversion option   4,520,708    - 
Fair value of the Evergreen 5 conversion option   40,928,831    - 
Fair value of the Evergreen 6 conversion option   15,352,562    - 
Fair value of the Evergreen 7 conversion option   1,012,268    - 
Fair value of the Chambers conversion option   5,058,590    - 
Derivative liability  $112,333,348   $216,593 
SCHEDULE OF ACTIVITY RELATED TO DERIVATIVE LIABILITIES

Activity related to the derivative liabilities for the three months ended March 31, 2023 is as follows:

 

     
Beginning balance as of December 31, 2022  $216,593 
Issuances of warrants/conversion option – derivative liabilities   95,288,462 
Extinguishment of derivative liability upon conversion/repayment of convertible notes   - 
Change in fair value of warrants/conversion option - derivative liabilities   16,828,293 
Ending balance as of March 31, 2023  $112,333,348