XML 34 R24.htm IDEA: XBRL DOCUMENT v3.22.1
DERIVATIVE LIABILITY (Tables)
3 Months Ended
Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
SCHEDULE OF DERIVATIVE LIABILITY

During the three months ended March 31, 2022, we had the following activity in our derivative liability account relating to our warrants:

 

Derivative liability at December 31, 2021  $69,371 
Derivative liability recorded on new instruments   - 
Derivative liability reduced by warrant exercise (see NOTE 7)   - 
(Gain) loss on fair value   23,843 
Derivative liability at March 31, 2022  $93,214 
SCHEDULE OF ASSUMPTIONS USED IN BINOMINAL OPTION PRICING MODEL

 

Risk free interest rate   0.97 - 1.26%
Expected life in years   3.34 - 4.25 
Expected volatility   199% - 207%