Derivative Liabilities (Tables)

3 Months Ended

Mar. 31, 2023

Disclosure Text Block [Abstract]

Schedule of Derivative Instruments [Table Text Block]

Derivative liability activity for the for the period ended March 31, 2023 is summarized in the table below:

December 31, 2022	$	568,912
Loss on revaluation		110,778
March 31, 2023	$	679,690

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

The Company uses a Monte Carlo model to value certain features of its notes payable that create derivative liabilities. The following table summarizes the assumptions for the valuations:

	December 31,
	2022
Volatility		95.1% to 123.2	%
Stock Price	$	1.06 to 3.50
Risk-free interest rates		4.35% to 4.37	%
Term (years)		0.73 to 0.86

	March 31,
	2023
Volatility		159.6% to 169.9	%
Stock Price	$	1.24
Risk-free interest rates		4.40	%
Term (years)		0.52 to 0.61