XML 61 R21.htm IDEA: XBRL DOCUMENT v3.23.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Fair Value Measurements, Assets and Liabilities, Recurring Basis

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

December 31, 2022:

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities

 

$1,233,679

 

 

$-

 

 

$-

 

 

$1,233,679

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities measured at fair value

 

$1,233,679

 

 

$-

 

 

$-

 

 

$1,233,679

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities

 

$5,925,214

 

 

$-

 

 

$-

 

 

$5,925,214

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities measured at fair value

 

$5,925,214

 

 

$-

 

 

$-

 

 

$5,925,214

 

Schedule of Derivative Liabilities at Fair Value

 

 

Convertible

Notes Payable

 

 

Series B

Preferred Stock

 

 

Stock Options

 

 

Total

 

 

 

 

 

 

Derivative liabilities as of December 31, 2020

 

$3,368,619

 

 

$4,137,413

 

 

$3,776,059

 

 

$11,282,091

 

Addition to liability for new issuances

 

 

2,671,728

 

 

 

-

 

 

 

4,725,180

 

 

 

7,396,908

 

Elimination of liability on conversion to common shares

 

 

(3,774,269)

 

 

-

 

 

 

-

 

 

 

(3,774,269)

Change in fair value

 

 

(753,742)

 

 

(4,137,413)

 

 

(4,088,361)

 

 

(8,979,516)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities as of December 31, 2021

 

 

1,512,336

 

 

 

-

 

 

 

4,412,878

 

 

 

5,925,214

 

Addition to liabilities for new issuances

 

 

135,012

 

 

 

-

 

 

 

545,462

 

 

 

680,474

 

Elimination of liabilities in debt conversions

 

 

(263,780)

 

 

-

 

 

 

-

 

 

 

(263,780)

Change in fair value

 

 

(643,411)

 

 

-

 

 

 

(4,464,818)

 

 

(5,108,229)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities as of December 31, 2022

 

$740,157

 

 

$-

 

 

$493,522

 

 

$1,233,679

 

Schedule of weighted average number of common shares outstanding

 

 

Years Ended December 31,

 

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

Basic weighted average number of shares

 

 

433,143,911

 

 

 

195,725,543

 

Dilutive effect of:

 

 

 

 

 

 

 

 

Series B preferred stock

 

 

949,400,000

 

 

 

-

 

Series E preferred stock

 

 

2,706,666,667

 

 

 

-

 

Convertible notes payable

 

 

247,997,718

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Diluted weighted average number of shares

 

 

4,337,208,296

 

 

 

195,725,543