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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
SCHEDULE OF UNREALIZED GAINS AND LOSSES

 

   Initial Book Value   Cumulative Gross
Unrealized Gains
   Cumulative Gross
Unrealized Losses
   Fair Value 
December 31, 2023                     
Investment in GMP Bio (equity securities)  $22,640,519   $12,706   $       -   $22,653,225 
Total  $22,640,519   $12,706   $-   $22,653,225 

 

 

   Initial Book Value   Cumulative Gross
Unrealized Gains
   Cumulative Gross
Unrealized Losses
   Fair Value 
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

 

   December 31, 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   -    16,951,477 
Change in fair value   

12,706

    - 
           
Balance at December 31, 2023 and 2022  $22,653,225   $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 December 31, 2023 and 2022:

 

   December 31, 2023
Conversion Feature
   December 31, 2022
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   225,074    (142,150)
           
Balance at December 31, 2023 and 2022  $423,214   $198,140 
SUMMARY OF ESTIMATE FAIR VALUE OF DERIVATIVE LIABILITIES

 

   December 31,
2023
  

December 31,
2022

 
Risk free interest   4.64% - 5.40%    0.17% - 4.0% 
Market price of share   $ 0.03 - 0.05    $ 0.05 - 0.23 
Life of instrument in years   0.01    0.01 - 0.33 
Volatility   142.45%-236.86%   99.80%-116.51%
Dividend yield   0%   0%
SCHEDULE OF BASIC AND DILUTED WEIGHTED AVERAGE COMMON STOCK OUTSTANDING

The table below sets forth a reconciliation of the basic weighted average common stock outstanding to the diluted weighted average common stock outstanding of the Company as of December 31, 2022:

 

   December 31, 2022 
Basic weighted average common stock outstanding   384,075,369 
Add: Dilutive common stock equivalents     
Stock options outstanding   2,606,054 
Warrants outstanding   68,681 
Convertible debt, convertible into common stock   70,549,786 
      
Diluted weighted average common stock outstanding   457,299,890