PRIVATE PLACEMENT AND JH DARBIE FINANCING (Tables)

12 Months Ended

Dec. 31, 2022

Private Placement And Jh Darbie Financing

SCHEDULE OF FUNDS RECEIVED UNDER THE SUBSCRIPTION AGREEMENT

As of December 31, 2022, and 2021, debt recorded under the JH Darbie Financing, net of debt discounts, consist of the following amounts:

	December 31, 2022		December 31, 2021
Convertible promissory notes
Subscription agreements - accredited investors	$	2,342,064	$	2,353,253
Subscription agreements – related party		125,547		109,046
Total convertible promissory notes	$	2,466,611	$	2,462,299

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	%

 

Strike price	$	0.15
Expected Term		1 year
Expected volatility		115.1	%
Risk-free interest rates		1.36	%
Dividend yields		0.00	%