| SCHEDULE OF CHANGES IN THE FAIR VALUE OF COMPANY'S LEVEL 3 FINANCIAL INSTRUMENTS |
Changes
in the fair value of Company’s Level 1 and 3 financial instruments for the year ended December 31, 2023 were as follows:
SCHEDULE OF CHANGES IN THE FAIR VALUE OF COMPANY'S LEVEL 3 FINANCIAL INSTRUMENTS
| | |
Level 1 | | |
Level 3 | | |
Level 3 | | |
| |
| | |
Equity Warrants | | |
Debenture Warrants | | |
Debenture Convertible Feature | | |
Total | |
| Balance at December 31, 2022 | |
$ | 275,115 | | |
$ | 2,917,000 | | |
$ | 1,457,000 | | |
$ | 4,649,115 | |
| Additions | |
| 45,120 | | |
| 4,682,000 | | |
| 3,816,000 | | |
| 8,543,120 | |
| Conversions | |
| - | | |
| - | | |
| (1,229,482 | ) | |
| (1,229,482 | ) |
| Change in fair value | |
| (314,995 | ) | |
| (6,670,231 | ) | |
| (2,375,660 | ) | |
| (9,360,886 | ) |
| Effect of exchange rate changes | |
| 6,068 | | |
| 26,231 | | |
| 56,142 | | |
| 88,441 | |
| Balance at December 31, 2023 | |
$ | 11,308 | | |
$ | 955,000 | | |
$ | 1,724,000 | | |
$ | 2,690,308 | |
Changes
in the fair value of Company’s Level 1 and 3 financial instruments for the year ended December 31, 2022 were as follows:
| | |
Level 1 | | |
Level 3 | | |
Level 3 | | |
| |
| | |
Equity Warrants | | |
Debenture Warrants | | |
Debenture Convertible Feature | | |
Total | |
| Balance at December 31, 2021 | |
$ | 1,418,964 | | |
$ | - | | |
$ | - | | |
$ | 1,418,964 | |
| Additions | |
| - | | |
| 4,080,958 | | |
| 3,336,535 | | |
| 7,417,493 | |
| Conversions | |
| - | | |
| - | | |
| (63,723 | ) | |
| (63,723 | ) |
| Change in fair value | |
| (1,086,562 | ) | |
| (966,141 | ) | |
| (1,667,166 | ) | |
| (3,719,869 | ) |
| Effect of exchange rate changes | |
| (57,287 | ) | |
| (197,817 | ) | |
| (148,646 | ) | |
| (403,750 | ) |
| Balance at December 31, 2022 | |
$ | 275,115 | | |
$ | 2,917,000 | | |
$ | 1,457,000 | | |
$ | 4,649,115 | |
|