DERIVATIVE LIABILITIES

6 Months Ended

Jun. 30, 2024

Derivative Liabilities

DERIVATIVE LIABILITIES

NOTE 5 – DERIVATIVE LIABILITIES

Certain of the above convertible notes contained an embedded conversion option with a conversion price that could result in issuing an undeterminable amount of future common stock to settle the host contract. Accordingly, the embedded conversion option is required to be bifurcated from the host instrument (convertible note) and treated as a liability, which is calculated at fair value, and marked to market at each reporting period.

The Company used the Black-Scholes pricing model to estimate the fair value of its embedded conversion option and warrant liabilities on both the commitment date and the remeasurement date with the following inputs:

	June 30, 2024			December 31, 2023
Exercise price	$	0		$	0.0133
Expected volatility		0	%		460	%
Risk-free interest rate		0	%		4.64	%
Expected term (in years)		0			1.0
Expected dividend rate		0	%		0	%