PRIVATE PLACEMENT AND JH DARBIE FINANCING (Tables)

9 Months Ended

Sep. 30, 2021

Private Placement And Jh Darbie Financing

SCHEDULE OF FUNDS RECEIVED UNDER THE SUBSCRIPTION AGREEMENT

As September30, 2021, funds received under the JH Darbie Financing, net of debt discount, consist of the following amounts:

	September 30, 2021
Convertible promissory notes
Subscription agreements - accredited investors	$	2,073,480
Subscription agreements – related party		101,115
Total convertible promissory notes	$	2,174,595

SCHEDULE OF FAIR VALUE WARRANTS ESTIMATED USING BLACK SCHOLES VALUATION MODEL

Expected Term	1.5 years
Expected volatility	152.3%-164.8	%
Risk-free interest rates	0.09%-0.11	%
Dividend yields	0.00	%

Expected Term	1.5 years
Expected volatility	168.5%-191.9	%
Risk-free interest rates	0.12%-0.15	%
Dividend yields	0.00	%

 

Expected Term	1-2 years
Expected volatility		94.4%-130.0	%
Risk-free interest rates		0.08%-0.25	%
Dividend yields		0.00	%