Quarterly report pursuant to Section 13 or 15(d)

Convertible Notes Payable (Tables)

v3.23.1
Convertible Notes Payable (Tables)
3 Months Ended
Mar. 31, 2023
Convertible Note Payable [Abstract]  
Schedule of fair value of the stock warrants was estimated at issuance using the binomial valuation model
    2022
Dividend rate   %
Term (in years)   4 years
Volatility   246.6% to 329.6%
Risk—free interest rate   2.79% to 3.12%

 

Schedule of convertible notes payable
    March 31,
2023
    December 31,
2022
 
Convertible notes payable   $ 1,254,000     $ 1,199,750  
Add: put premium     119,943       90,731  
Less: unamortized debt discount     (10,625 )     (7,968 )
Convertible notes payable, net     1,363,318       1,282,513  
Less: current portion of convertible notes payable     (1,194,818 )     (1,031,250 )
Convertible notes payable – long-term   $ 168,500     $ 251,263