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DERIVATIVE LIABILITIES (Tables)
3 Months Ended
Mar. 31, 2024
DERIVATIVE LIABILITIES  
Schedule of Estimated Fair Values of Liabilities Measured on Recurring Basis

 

 

Three months ended

 

 

Year ended

 

 

 

March 31.

 

 

December 31,

 

 

 

2024

 

 

2023

 

Expected term

 

 0.22- 0.46 years

 

 

 0.18- 1.00 years

 

Expected average volatility

 

231% - 294%

 

 

141% - 288%

 

Expected dividend yield

 

 

-

 

 

 

-

 

Risk-free interest rate

 

5.25% - 5.48%

 

 

4.76% - 5.53%

 

Summary of Changes in Derivative Liabilities

Fair Value Measurements Using Significant Observable Inputs (Level 3)

 

 

 

 

 

Balance - December 31, 2023

 

$977,872

 

 

 

 

 

 

Settled on issuance of common stock

 

 

(95,331)

Loss on change in fair value of the derivative

 

 

202,260

 

Balance - March 31, 2024

 

$1,084,801

 

Schedule of Loss on Derivatives

 

 

Three months ended

 

 

 

March 31.

 

 

 

2024

 

 

2023

 

Day one loss due to derivative liabilities on convertible notes

 

$-

 

 

$1,363

 

Loss on change in fair value of the derivative liabilities

 

 

202,260

 

 

 

215,776

 

 

 

$202,260

 

 

$217,139