Derivative Liability (Tables)

3 Months Ended

Mar. 31, 2024

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:

	Three months ended March 31, 2024			Year ended December 31, 2023
Conversion price		$ 0.0684 to $0.345			$ 0.104 to $0.345
Risk free interest rate		4.40 to 5.49 %			3.60 to 5.55	%
Expected life of derivative liability		1 to 41 months			3.5 to 47 months
Expected volatility of underlying stock		157.83 to 201.11	%		158.72 to 217.01	%
Expected dividend rate		0	%		0	%

Schedule of Movement in Derivative Liability

The movement in derivative liability is as follows:

	March 31, 2024			December 31, 2023
Opening balance	$	1,434,196		$	2,550,642
Derivative financial liability arising from convertible note and warrants		-			385,000
Fair value adjustment to derivative liability		(815,941	)		(1,501,446	)
	$	618,255		$	1,434,196