SENIOR SECURED CONVERTIBLE NOTE, RELATED PARTY (Tables)

12 Months Ended

Dec. 31, 2023

Senior Secured Convertible Note Related Party

Schedule of senior secured convertible promissory note assumptions

Senior secured convertible promissory note	Amounts
Principal outstanding at valuation date	$17.5 million
Volatility	80%
Interest rate	10.0%
Risk-free interest rate range	4.7% to 5.6%
Estimated yield	19.5% to 21.0%

Schedule of convertible note

Contractual term in years	5.0
Volatility	167.3%
Dividend yield	0%
Risk-free interest rate	4.7%

Schedule of senior secured convertible promissory note

Senior secured convertible promissory note	Total
Balance as of December 31, 2022	$	-
Exchange of loan agreement with Ault & Company		4,625,000
Ault & Company note from exchange of 12% demand promissory note		1,100,000
Ault & Company note from exchange of 10% demand promissory note		10,545,000
Exchange of Series B convertible preferred stock		1,250,000
Cash payments of senior secured convertible promissory note		(150,000	)
Payment from issuance of Series C preferred stock		(17,370,000	)
Balance as of December 31, 2023	$	-