Derivative Liabilities (Tables)

9 Months Ended

Sep. 30, 2023

Derivative Liabilities

Schedule of Derivative Liabilities at Fair Value

The Company used the binomial pricing model to estimate the fair value of its embedded conversion option and warrant liabilities on both the commitment date and the remeasurement date with the following inputs:

	Nine Months Ended			Year Ended
	September 30, 2023			December 31, 2022
Exercise price	$	0.00006 - $0.01		$	0.0001 - $0.01
Expected volatility		282% - 521	%		196% - 377	%
Risk-free interest rate		5.55	%		0.73% - 2.99	%
Expected term (in years)		0.01 - 2.02			0.30 - 3.00
Expected dividend rate		0	%		0	%

Schedule of Derivative Liabilities

A reconciliation of the beginning and ending balances for the derivative liability measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is as follows at September 30 30, 2023 and December 31, 2022:

	Convertible Debt			Warrants			Total
Derivative liabilities - December 31, 2021		330,294			775,243			1,105,537
Fair value - commitment date		300,137			61,600			361,737
Fair value - mark to market adjustment		404,695			(238,813	)		165,882
Gain on debt extinguishment (derivative liabilities - convertible debt)		(226,391	)		-			(226,391	)
Reclassification to APIC for financial instruments that ceased to be derivative liabilities		-			(425,000	)		(425,000	)
Derivative liabilities – December 31, 2022		808,736			173,030			981,766
Fair value - commitment date		-			-			-
Fair value - mark to market adjustment		3,466,013			(10,607	)		3,455,406
Derivative liabilities – March 31, 2023		4,274,750			162,423			4,437,173
Fair value - mark to market adjustment		(2,930,214	)		(21,221	)		(2,951,435	)
Gain on debt extinguishment (derivative liabilities - convertible debt)		(567,580	)		-			(567,580	)
Derivative liabilities – June 30, 2023		776,956			141,202			918,158
Fair value - mark to market adjustment		(286,795	)		(94,537	)		(381,332	)
Gain on debt extinguishment (derivative liabilities - convertible debt)		(110,654	)		-			(110,654	)
Derivative liabilities – September 30, 2023		379,507			46,665			426,172