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CONVERTIBLE DEBT (Tables)
3 Months Ended
Mar. 31, 2023
CONVERTIBLE DEBT  
Schedule of Convertible Debt Activity

 

 

March 31,

2023

 

 

December 31,

2022

 

 

 

 

 

 

 

 

Beginning balance convertible notes

 

$100,000

 

 

$640,000

 

Payments

 

 

(100,000)

 

 

(525,000 )

Conversion to common stock

 

 

-

 

 

 

(15,000 )

Convertible notes payable

 

$-

 

 

$100,000

 

Summary of Derivative Liabilities

 

 

Amount

 

Balance on January 1, 2023

 

$54,293

 

Reduction of derivative related to conversions

 

 

(50,909 )

Change in fair value of derivative liabilities

 

 

(3,384 )

Balance on March 31, 2023

 

$-

 

 

 

December 31,

 

 

 

2022

 

Dividend yield

 

 

0%

Expected volatility

 

87.9%-157.2

 

Risk free interest rate

 

1.46%-3.75

 

Contractual terms (in years)

 

1.25 - .75