Derivative Liability (Tables)

9 Months Ended

Sep. 30, 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:

	nine months ended September 30, 2024		Year ended December 31, 2023
Conversion price	$	0.0491 to $0.345	$	0.104 to $0.345
Risk free interest rate		3.58 to 5.50 %		3.60 to 5.55%
Expected life of derivative liability		1 to 35 months		3.5 to 47 months
Expected volatility of underlying stock		24.3 to 262.09%		158.72 to 217.01%
Expected dividend rate		0%		0%

Schedule of Movement in Derivative Liability

The movement in derivative liability is as follows:

	September 30, 2024			December 31, 2023
Opening balance	$	1,434,196		$	2,550,642
Derivative financial liability arising from convertible note and warrants		226,329			385,000
Derivative liability arising on anti-dilutive convertible notes and warrants		6,370,074			-
Fair value adjustment to derivative liability		(6,461,496	)		(1,501,446	)
	$	1,569,103		$	1,434,196