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FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Liabilities Measured on Recurring Basis

The following table presents our assets and liabilities measured at fair value on a recurring basis at March 31, 2023:

									Fair Value Measurements at
									March 31, 2023
			Total						Quoted Prices in Active Markets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Liabilities:
Ionic convertible debenture derivative			$	(24,000)					$	—					$	—					$	(24,000)
LINICO related derivative			(5,468,162)						—						(5,468,162)						—
Haywood derivative			(1,190,000)						—						(1,190,000)						—
GenMat derivative			(5,234,043)						—						(5,234,043)						—
Total liabilities measured at fair value			$	(11,916,205)					$	—					$	(11,892,205)					$	(24,000)

The following table presents our assets and liabilities at December 31, 2022, measured at fair value on a recurring basis:

									Fair Value Measurements at
									December 31, 2022
			Total						Quoted Prices in Active Markets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Liabilities:
Ionic convertible debenture derivative			$	(420,000)					$	—					$	—					$	(420,000)
LINICO related derivative			(6,053,162)						—						(6,053,162)						—
Haywood derivative			(1,480,000)						—						(1,480,000)						—
GenMat derivative			(6,592,638)						—						(6,592,638)						—
Total liabilities measured at fair value			$	(14,545,800)					$	—					$	(14,125,800)					$	(420,000)

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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X

- References

No definition available.

+ Details

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