PRIVATE PLACEMENT AND JH DARBIE FINANCING (Tables)

12 Months Ended

Dec. 31, 2021

Private Placement And Jh Darbie Financing

SCHEDULE OF FUNDS RECEIVED UNDER THE SUBSCRIPTION AGREEMENT

As of December 31, 2021 and 2020, debt recorded under the JH Darbie Financing, net of debt discounts, consist of the following amounts:

	December 31, 2021		December 31, 2020
Convertible promissory notes
Subscription agreements - accredited investors	$	2,353,253	$	943,586
Subscription agreements – related party		109,046		67,992
Total convertible promissory notes	$	2,462,299	$	1,011,578

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	%

 

SCHEDULE OF WARRANTS VALUATION INPUT

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