Derivative Liabilities

3 Months Ended

Mar. 31, 2025

Disclosure Text Block [Abstract]

Derivative Liabilities

Note 11: Derivative Liabilities 

Certain of the Company’s convertible notes and warrants contain features that create derivative liabilities. The derivative components of these notes are valued at issuance, at conversion, at restructuring, and at each period end. 

Derivative liability activity for the three months ended March 31, 2025, is summarized in the table below: 

December 31, 2024	$	4,685,675
Gain on revaluation		(4,362,645	)
March 31, 2025	$	323,030

The following assumptions were used for the valuation of the derivative liability associated with this obligation:

● The stock price on the date of valuation represents the fair market value of the stock

● The notes convert with variable conversion prices based on the percentages of the lowest trades over the prior 20 trading days

● The holder would automatically convert the note immediately (based on ownership or trading volume limitations) if the registration were effective and the Company was not in default