Derivative Liability (Tables)

9 Months Ended

Sep. 30, 2023

Derivative Liability [Abstract]

Schedule of Assumptions Were Used in the Black-Scholes Valuation Model

The following assumptions were used in the Black-Scholes valuation model:

	Nine months ended September 30, 2023			Year ended December 31, 2022
Conversion price	$	0.114 to $0.345		$	0.345 to $4.50
Risk free interest rate		3.60 to 5.55	%		0.79 to 4.73	%
Expected life of derivative liability		3.5 to 47 months			1.5 to 59 months
Expected volatility of underlying stock		158.72 to 217.01	%		120.49 to 258.3	%
Expected dividend rate		0	%		0	%

Schedule of Movement in Derivative Liability

The movement in derivative liability is as follows:

	September 30, 2023			December 31, 2022
Opening balance	$	2,550,642		$	407,161
Derivative financial liability arising from convertible note and warrants		275,000			238,182
Derivative financial liability arising on note amendment included in loss on convertible notes		-			2,317,051
Fair value adjustment to derivative liability		(1,483,710	)		(411,752	)
	$	1,341,932		$	2,550,642