Derivative Liability

9 Months Ended

Sep. 30, 2023

Derivative Liability

Derivative Liability

Note 4 – Derivative Liability

Under the terms of the December 2022 and January 2023 Convertible Notes, the Company identified derivative instruments arising from embedded conversion features.

The following summarizes the Black-Scholes assumptions used to estimate the fair value of the derivative liability at the dates of issuance and the revaluation dates:

Volatility	148.4-159.0		%
Risk-free interest rate	5.47-5.54		%
Expected life (years)	0.39–0.49
Dividend yield		-

15

Changes in the derivative liability were as follows:

	Nine Months Ended September 30, 2023
	Level 1		Level 2		Level 3			Total
Convertible debt and other derivative liabilities at December 31, 2022	$	-	$	-	$	156,955		$	156,955
Conversions of convertible debt		-		-		(177,119	)		(177,119	)
Issuance of convertible debt and other derivatives		-		-		14,455			14,455
Change in fair value		-		-		5,709			5,709
Convertible debt and other derivative liabilities at September 30, 2023	$	-	$	-	$	-		$	-

	Nine Months Ended September 30, 2022
	Level 1		Level 2		Level 3			Total
Convertible debt and other derivative liabilities at December 31, 2021	$	-	$	-	$	175,915		$	175,915
Conversions of convertible debt		-		-		(401,707	)		(401,707	)
Issuance of convertible debt and other derivatives		-		-		276,772			276,772
Change in fair value		-		-		119,877			119,877
Convertible debt and other derivative liabilities at September 30, 2022	$	-	$	-	$	170,857		$	170,857