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Derivative Liabilities (Tables)
6 Months Ended
Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Liabilities

  

   Derivative Liability - Convertible Notes   Derivative Liability - Warrants   Total 
Balance as of December 31, 2021  $1,252,397   $2,972,188   $4,224,585 
Change due to redemptions   (305,944)    -    (305,944) 
Change due to issuances   

530,040

    

822,892

    

1,352,932

 
Change in fair value   988,040    21,353,076    22,341,116 
Balance as of June 30, 2022  $2,464,533   $25,148,156   $27,612,689 
Schedule of Fair Value of Derivative Liabilities

A summary of quantitative information with respect to valuation methodology and significant unobservable inputs used for the fair value of derivative liabilities during the six months ended June 30, 2022 is as follows:

  

Stock price   $ 3.005.00  
Contractual term (in years)     0.082.29  
Volatility (annual)     61.2% - 79.5 %
Risk-free rate     1.81% - 2.49 %

 

A summary of quantitative information with respect to valuation methodology and significant unobservable inputs used for the fair value of derivative liabilities during the year ended December 31, 2021 is as follows:

 

Stock price   $ 1.773.99  
Contractual term (in years)     0.583.00  
Volatility (annual)     48.8% - 61.3 %
Risk-free rate     0.19% - 0.47 %