Convertible Note and Derivative Liabilities (Tables)

6 Months Ended

Jun. 30, 2022

Convertible Note and Derivative Liabilities (Tables)

Carrying value of these convertible notes

	June 30,  2022		December 31, 2021
Face value of certain convertible notes	$	80,000	$	80,000
Less: unamortized discount		-		(541	)
Carrying value	$	80,000	$	79,459

Interest expenses associated with the convertible notes

	For Three Months Ended June 30,				For Six Months Ended June 30,
	2022		2021		2022		2021
Interest on the convertible notes	$	1,596	$	1,895	$	3,174	$	2,569
Amortization of debt discount		-		8,931		541		17,764
Total	$	1,591	$	10,826	$	3,715	$	20,333

Fair value of the derivative liability associated with the conversion feature

Balance at December 31, 2020	$	92,803
Change in fair value		64,687
Balance at December 31, 2021		157,490
Change in fair value		(69,796	)
Balance at June 30, 2022	$	87,694

Commitment and re-measurement dates

	Commitment Date	December 31, 2021	June 30, 2022
Expected dividends	0	0	0
Expected volatility	154% ~173%	203%~301%	262%~237%
Expected term	2.10 years	1.08 ~ 1.22 years	0.58 ~ 0.72 years
Risk free interest rate	1.42 ~ 1.65%	0.39%	1.72%

Carrying value of the quick note

	June 30, 2022		December 31, 2021
Face value of Quick Note	$	115,000	$	115,000
Less: unamortized discount		-		(52,774	)
Carrying value	$	115,000	$	62,226

Interest expenses associated with the conversion

	For Three Months Ended June 30,				For Six Months Ended June 30,
	2022		2021		2022		2021
Interest on Quick Note	$	2,294	$	378	$	4,562	$	378
Day one loss associated with derivatively liability		-		79,332		-		79,332
Amortization of debt discount		24,024		4,726		52,774		4,726
Total	$	26,318	$	84,436	$	57,336	$	84,436

Fair value of the derivative liability associated with the conversion feature is summarized as follows

Derivative liability associated with convertible note on commitment date	$	51,009
Derivative liability associated with warrants on commitment date		143,323
Change in fair value – convertible note		(21,597	)
Change in fair value – warrants		2,633
Balance at December 31, 2021		175,368
Change in fair value – convertible note		50,282
Change in fair value – warrants		93,009
Balance at June 30, 2022	$	318,659

Fair value at the commitment and re-measurement dates for the Company's derivative liabilities

Convertible note:	Commitment Date	December 31, 2021		June 30, 2022
Expected dividends	0		0		0
Expected volatility	307.10%		215.70%		196.50%
Expected term	1 years	0.45 years		0.01 years
Risk free interest rate	0.18%		0.43%		1.28%

Warrants:	Commitment Date	December 31, 2021	June 30, 2022
Expected dividends	0	0	0
Expected volatility	201.70%	200.90%	229.40%
Expected term	5 years	4.45 years	3.9 years
Risk free interest rate	0.65%	0.82%	2.430%