XML 34 R24.htm IDEA: XBRL DOCUMENT v3.23.1
SCHEDULE OF CONVERTIBLE LOANS AT FAIR VALUE (Details) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2023
Dec. 31, 2022
Convertible Loans And Warrants    
Opening Balance, (including short term loans from related party which is also convertible) $ 2,257,000 $ 2,492,000
Additional convertible loans [1] 153,000 526,000
Repayment of convertible loan [2] (17,500)
Conversion of convertible loan [3] (161,000)
Change in fair value of convertible loans liability (156,000) (743,000)
Closing balance $ 2,093,000 $ 2,257,000
[1] During the quarter ended March 31, 2023, and the year ended December 31, 2022, the Company received a principal amount of $152,750 and $526,826 respectively. The amount received during the quarter is convertible at a price equal 65% of the lowest trading price during the (10) days prior to the conversion date, with 35% discount.
[2] During the quarter ended March 31, 2023, and the year ended December 31, 2022, the Company repaid nill and $17,500, respectively.
[3] During the quarter ended March 31, 2023, and the year ended December 31, 2022, a total amount of $161,473 and $0 respectively, were converted into 8,634,616 shares of common stock.