Quarterly report pursuant to Section 13 or 15(d)

Convertible Note Payable (Tables)

v3.22.2.2
Convertible Note Payable (Tables)
9 Months Ended
Sep. 30, 2022
Convertible Note Payable [Abstract]  
Schedule of fair value of the stock warrants was estimated at issuance using the binomial valuation model
    2022   2021
Dividend rate   %  
—%
Term (in years)   4 years   5 years
Volatility   246.6% to 329.6%   348.5%
Risk—free interest rate   2.79% to 3.12%   1.16%

 

Schedule of convertible notes payable
    September 30,
2022
    December 31,
2021
 
Convertible note payable   $ 825,000     $ 825,000  
Less: unamortized debt discount     (85,000 )     (653,125 )
Convertible note payable, net     740,000       171,875  
Less: current portion of convertible note payable     (740,000 )     (171,875 )
Convertible note payable – long-term   $
-
    $
-