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CONVERTIBLE NOTES PAYABLE (Tables)
6 Months Ended
Jun. 30, 2023
Convertible Notes Payable  
SCHEDULE OF CONVERTIBLE NOTE PAYABLE

Principal due under the convertible note payable was as follows at June 30, 2023 and December 31, 2022:

 

 SCHEDULE OF CONVERTIBLE NOTE PAYABLE

  

June 30,

2023

  

December 31,

2022

 
         
Current:          
Note payable, 0%   5,555,000    - 
Less: debt discount   (3,610,750)   - 
Convertible notes payable, net, current  $1,944,250   $- 
           
Long-Term:          
Note payable, 0%   2,000,000    9,743,333 
Less: debt discount   (283,621)   (1,831,828)
Convertible notes payable, net  $1,716,379   $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