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Convertible Notes (Tables) | 12 Months Ended
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Dec. 31, 2023
Convertible Notes Payable [Member] |
Convertible Notes (Tables) [Line Items] |
Schedule of Conversion of Convertible Notes | The fair value of the convertible note is calculated using the binomial tree model based on probability of remaining as straight debt using discounted cash flow with the following assumptions
|  | February 9, 2022-May 25, 2022 |
Risk-free interest rate |  |  | 0.53-0.91 | %
Expected life |  |  | 0.20-0.48 year |
Discount rate |  |  | 9.33-11.22 | %
Expected volatility |  |  | 80.48-143.72 | %
Expected dividend yield |  |  | 0 | %
Fair value |  | $ | 2,261,270 |
The fair value of the conversion note was assessed at $1,534,654 upon conversion based on the binomial model assessed by the independent valuation firm.
|  | November 8, 2022- December 24, 2022 |
Risk-free interest rate |  |  | 4.66-4.72 | %
Expected life |  |  | 0.70-0.83 year |
Discount rate |  |  | 1137-11.72 | %
Expected volatility |  |  | 99.91-103.93 | %
Expected dividend yield |  |  | 0 | %
Fair value |  | $ | 1,534,654 |
The fair value of the conversion note was assessed at $3,128,453 upon conversion based on the binomial model assessed by the independent valuation firm.
|  | January 10, 2023-February 3, 2023 |
Risk-free interest rate |  |  | 4.75-4.81 | %
Expected life |  |  | 0.59-0.65 year |
Discount rate |  |  | 10.96-11.37 | %
Expected volatility |  |  | 109.85-113.95 | %
Expected dividend yield |  |  | 0 | %
Fair value |  | $ | 3,128,453 |
The fair value of the remaining conversion note was assessed at $5,020,633 as of December 31, 2023 based on the binomial model assessed by the independent valuation firm.
|  | December 31, 2023 |
Risk-free interest rate |  |  | 5.25 | %
Expected life |  |  | - year |
Discount rate |  |  | 10.66 | %
Expected volatility |  |  | 89.66 | %
Expected dividend yield |  |  | 0 | %
Fair value |  | $ | 5,020,633 |

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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- References No definition available. + Details
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