Derivative Liabilities

9 Months Ended

Sep. 30, 2024

Derivative Liabilities

Derivative Liabilities

Note 5: Derivative Liabilities

During the quarter, on September 26, 2024, the Company executed a 1-for-25 reverse stock split, which resulted in a reduction in the total number of outstanding shares. As a result of this reverse stock split, the Company’s previously outstanding derivative instruments, which were tied to the conversion of shares, are now fully convertible. Consequently, all potential conversion rights are now exercisable, and the associated derivative liabilities have been extinguished as of the reverse stock split date. Accordingly, the Company no longer recognizes derivative liabilities in its financial statements.

Derivative liabilities (fair value)

Beginning Balance	$	208,142
Change due to Issuances		899,248
Change due to Conversions		(11,298	)
Mark-to-market		(885,269	)
Ending Balance June 30, 2024	$	210,823
Gain on derivatives-convertible notes		206,358
Gain on derivatives-warrants		4,465
Fair Value Balance September 30, 2024	$	-