Quarterly report pursuant to Section 13 or 15(d)

Convertible Note Payable (Tables)

v3.22.1
Convertible Note Payable (Tables)
3 Months Ended
Mar. 31, 2022
Convertible Note Payable [Abstract]  
Schedule of fair value of the stock warrants was estimated at issuance using the binomial valuation model
Dividend rate  
%
Term (in years)     5 years  
Volatility     348.5 %
Risk—free interest rate     1.16 %

 

Schedule of convertible notes payable
    March 31,
2022
    December 31,
2021
 
Convertible note payable   $ 825,000     $ 825,000  
Less: unamortized debt discount     (446,875 )     (653,125 )
Convertible note payable, net     378,125       171,875  
Less: current portion of convertible note payable     (378,125 )     (171,875 )
Convertible note payable – long-term   $
-
    $
-