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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2023
Accounting Policies [Abstract]  
SCHEDULE OF UNREALIZED GAINS AND LOSSES

 

       Cumulative   Cumulative     
       Gross   Gross     
   Initial   Unrealized   Unrealized   Fair 
   Book Value   Gains   Losses   Value 
June 30, 2023 and December 31, 2022                    
Investment in GMP Bio (equity securities)  $22,640,519   $      -   $      -   $22,640,519 
Total  $22,640,519   $-   $-   $22,640,519 
SUMMARY OF CHANGES IN FAIR VALUE OF LONG-TERM INVESTMENT IN EQUITY SECURITIES

   June 30, 2023   December 31, 2022 
Balance at January 1, 2023 and 2022  $22,640,519   $- 
Contribution at cost basis   -    5,689,042 
Gain on derecognition of non-financial asset   -    16,591,477 
Change in fair value   -    - 
           
Balance at June 30, 2023 and December 31, 2022  $22,640,519   $22,640,519 
SUMMARY OF CHANGES IN FAIR VALUE OF DERIVATIVE LIABILITIES

The table below sets forth a summary of the changes in the fair value of the Company’s derivative liabilities classified as Level 3 as of June 30, 2023 and 2022:

 

   June 30, 2023   June 30, 2022 
   Conversion Feature   Conversion Feature 
Balance at January 1, 2023 and 2022  $198,140   $340,290 
New derivative liability        - 
Reclassification to additional paid in capital from conversion of debt to common stock        - 
Change in fair value   327,594    67,922 
           
Balance at June, 2023 and 2022  $525,734   $408,212 
SUMMARY OF ESTIMATE FAIR VALUE OF DERIVATIVE LIABILITIES

   June 30, 2023   June 30, 2022 
   Key   Key 
   Assumptions   Assumptions 
   for fair value   for fair value 
   of conversions   of conversions 
Risk free interest   5.4%   0.17% -1.03% 
Market price of share  $0.03   $ 0.17-0.23 
Life of instrument in years   0.01    0.010.33 
Volatility   171.25%   107.50%-109.40% 
Dividend yield   0%   0%