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DERIVATIVE LIABILITIES (Tables)
3 Months Ended
Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
SCHEDULE OF CHANGES IN THE FAIR VALUE OF COMPANY'S LEVEL 3 FINANCIAL INSTRUMENTS

Changes in the fair value of Company’s Level 3 financial instruments for the three months ended March 31, 2023 and 2022 were as follows:

 

   Level 1   Level 3   Level 3     
  

IPO and Rep

Warrants

  

Debenture

Warrants

  

Debenture

Convertible

Feature

   Total 
Balance at January 1, 2023  $275,115   $2,917,000   $1,457,000   $4,649,115 
Additions   -    

2,378,000

    

1,599,000

    

3,977,000

 
Conversions   -        

(111,597

)   

(111,597

)
Change in fair value   107,159    

(2,930,015

)   

(551,176

)   

(3,374,032

)
Effect of exchange rate changes   1,402    

(55,985

)   

(19,227

)   

(73,810

)
Balance at March 31, 2023  $383,676   $

2,309,000

   $

2,374,000

   $

5,066,676

 

 

   Level 1 
  

IPO and Rep

Warrants

 
Balance at January 1, 2022  $1,418,964 
Additions   - 
Change in fair value   457,042 
Effect of exchange rate changes   26,592 
Balance at March 31, 2022  $1,902,598