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CONVERTIBLE DEBT (Tables)
6 Months Ended
Jun. 30, 2022
CONVERTIBLE DEBT  
Schedule of Convertible Debt

 

 

June 30, 2022

 

 

December 31, 2021

 

 

 

 

 

 

 

 

Beginning balance convertible notes

 

$640,000

 

 

$1,447,000

 

New notes

 

 

-

 

 

 

625,000

 

Payments

 

 

-

 

 

 

(907,000 )

Conversion to common stock

 

 

(15,000)

 

 

(525,000 )

Subtotal notes

 

 

625,000

 

 

 

640,000

 

Debt discount at year end

 

 

(5,744 )

 

 

(258,938 )

Convertible note payable, net of discount

 

$619,256

 

 

$381,062

 

Derivative Liabilities

 

 

Amount

 

Balance on January 1, 2022

 

$45,665

 

Issuances to debt discount

 

 

-

 

Reduction of derivative related to conversions

 

 

(11,629)

Change in fair value of derivative liabilities

 

 

7,255

 

Balance on June 30, 2022

 

$41,291

 

 

 

June 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Dividend yield

 

 

0%

 

 

0%

Expected volatility

 

 

113.3%

 

106.8%-107.3%

 

Risk free interest rate

 

 

2.37%

 

0.41%-0.44%

 

Contractual terms (in years)

 

 

.50

 

 

.50 – .52