CONVERTIBLE NOTES PAYABLE (Tables)

3 Months Ended

Mar. 31, 2023

Convertible Notes Payable

SCHEDULE OF CONVERTIBLE NOTE PAYABLE

Principal due under the convertible note payable was as follows at March 31, 2023 and December 31, 2022:

	March 31, 2023			December 31, 2022
Current:
Note payable, 0%		5,555,000			-
Less: debt discount		(5,277,250	)		-
Convertible notes payable, net, current	$	277,750		$	-
Long-Term:
Note payable, 0%		2,000,000			9,743,333
Less: debt discount		(316,120	)		(1,831,828	)
Convertible notes payable, net	$	1,683,880		$	7,911,505

SCHEDULE OF FAIR VALUE OF OPTION WITH ASSUMPTIONS

	Dividend Yield			Expected Volatility			Risk-free Interest Rate			Expected Life
Hudson Bay Warrant; March 2023		0.00	%		143.23	%		3.88	%		2.5 years
Palladium Capital Warrant; March 2023		0.00	%		143.23	%		3.88	%		2.5 years

 

	Dividend Yield			Expected Volatility			Risk-free Interest Rate			Expected Life
Hudson Bay Warrant; as adjusted January 2023		0.00	%		142.28	%		4.10	%		2.5 years
Palladium Capital Warrant; as adjusted January 2023		0.00	%		142.28	%		4.10	%		2.5 years
BHP Warrant; as adjusted January 2023		0.00	%		142.28	%		4.10	%		2.5 years