CONVERTIBLE NOTE PAYABLE (Tables)

6 Months Ended

Jun. 30, 2022

Convertible Note Payable

SCHEDULE OF CONVERTIBLE NOTE PAYABLE

Principal due under the convertible note payable was as follows at June 30, 2022 and December 31, 2021:

	2022			2021
Note payable		33,333,333			-
Less: debt discount		(7,798,881	)		-
Note payable, net	$	25,534,452		$	-

SCHEDULE OF FAIR VALUE OF OPTION WITH ASSUMPTIONS

The fair value was estimated using the Black Scholes option pricing models with the following assumptions:

	Dividend Yield			Expected Volatility			Risk-free Interest Rate			Expected Life
Hudson Bay Warrant; May 2022		0.00	%		140.29	%		2.92	%		2.5 years
Palladium Capital Warrant; May 2022		0.00	%		140.29	%		2.92	%		2.5 years