Quarterly report pursuant to Section 13 or 15(d)

Convertible Notes Payable (Tables)

v3.23.2
Convertible Notes Payable (Tables)
6 Months Ended
Jun. 30, 2023
Convertible Note Payable [Abstract]  
Schedule of Fair Value of the Stock Warrants was Estimated at Issuance Using the Binomial Valuation Model On April 20, 2022 (the Exchange Agreement date) along with various re-pricings as outlined below, the fair value of the stock warrants were estimated at issuance using the Binomial Valuation Model with the following assumptions:
    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 On June 30, 2023 and December 31, 2022, convertible notes payable consisted of the following:
    June 30,
2023
    December 31,
2022
 
Convertible notes payable   $ 1,031,250     $ 1,199,750  
Add: put premium     -       90,731  
Less: unamortized debt discount     -       (7,968 )
Convertible notes payable, net     1,031,250       1,282,513  
Less: current portion of convertible notes payable     (1,031,250 )     (1,031,250 )
Convertible notes payable – long-term   $ -     $ 251,263