PRIVATE PLACEMENT AND JH DARBIE FINANCING (Tables)

3 Months Ended

Mar. 31, 2022

Private Placement And Jh Darbie Financing

SCHEDULE OF FUNDS RECEIVED UNDER THE SUBSCRIPTION AGREEMENT

As March 31, 2022 and December 31, 2021 funds received under the JH Darbie Financing, net of debt discount, consist of the following amounts:

	March 31, 2022		December 31, 2021
Convertible promissory notes
Subscription agreements - accredited investors	$	2,312,023	$	1,520,720
Subscription agreements – related party		121,650		85,664
Total convertible promissory notes	$	2,433,673	$	1,606,384

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 year
Strike price	$	0.15
Expected volatility		115.1	%
Risk-free interest rates		1.36	%
Dividend yields		0.00	%