Derivative Liabilities (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of Weighted Average Assumptions

The Company used the binomial pricing model to estimate the fair value of its embedded conversion option liabilities with the following inputs:

	December 31, 2021
Expected term (years)		0.20 - 1 year
Expected volatility		143% - 291%
Expected dividends		0%
Risk free interest rate		0.03% - 0.09%

Summary of Changes in Fair Value

A reconciliation of the beginning and ending balances for the derivative liability measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is as follows at December 31, 2021:

Derivative liability - December 31, 2020	$	1,357,528
Fair value at commitment date		1,877,250
Fair value mark to market adjustment		(1,806,763	)
Gain on derivative liability upon related debt settled		(1,428,015	)
Derivative liability - December 31, 2021	$	-