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DERIVATIVE LIABILITIES AND FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2023
Derivative Liabilities And Fair Value Measurements  
SCHEDULE OF FAIR VALUE ON A RECURRING BASIS IN THE ACCOMPANYING FINANCIAL STATEMENTS

Items recorded or measured at fair value on a recurring basis in the accompanying consolidated financial statements consisted of the following items as of December 31, 2023 and 2022:

 

    

December 31,

2023

    

Quoted Prices

in Active

Markets for Identical Assets

(Level 1)

    

Significant

Other

Observable

Inputs

(Level 2)

    

Significant

Unobservable

Inputs

(Level 3)

 
Derivative liability  $-   $-   $-   $- 

 

    

December 31,

2022

    

Quoted Prices

in Active

Markets for

Identical Assets

(Level 1)

    

Significant

Other

Observable

Inputs

(Level 2)

    

Significant

Unobservable

Inputs

(Level 3)

 
Derivative liability  $-   $-   $-   $- 
SCHEDULE OF CHANGES IN FAIR VALUE OF THE COMPANY’S LEVEL 3 FINANCIAL LIABILITIES

The following table provides a summary of changes in fair value of the Company’s Level 3 financial liabilities for the two years ended December 31, 2023:

 

Balance, December 31, 2021  $44,024,242 
Transfers out due to elimination of authorized share shortfall (reclassified to additional paid in capital)   (29,759,766)
Mark to market to February 17, 2022   (14,264,476)
Mark to market to December 31, 2022   - 
Balance, December 31, 2022  $- 
Mark to market to December 31, 2023   - 
Balance, December 31, 2023  $- 
      
Gain on change in derivative liabilities for the year ended December 31, 2023  $-