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DEBT DISCOUNT
3 Months Ended
Mar. 31, 2022
Debt Discount  
DEBT DISCOUNT

NOTE 10 – DEBT DISCOUNT

 

The Company recorded the debt discount to the extent of the gross proceeds raised and expensed immediately the remaining fair value of the derivative liability, as it exceeded the gross proceeds of the note.

 

Debt discount amounted to $410,552 and $561,953 as of March 31, 2022 and 2021, respectively.

 

The Company recorded the amortization of debt discount of $67,082 and $142,977 for the three months ended March 31, 2022 and 2021, respectively.