Annual report pursuant to Section 13 and 15(d)

Convertible Notes Payable (Tables)

v3.23.1
Convertible Notes Payable (Tables)
12 Months Ended
Dec. 31, 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
    December 31,
2022
    December 31,
2021
 
Convertible notes payable   $ 1,199,750     $ 825,000  
Add: put premium     90,731      
-
 
Less: unamortized debt discount     (7,968 )     (653,125 )
Convertible note payable, net     1,282,513       171,875  
Less: current portion of convertible note payable     (1,031,250 )     (171,875 )
Convertible note payable – long-term   $ 251,263     $
-