XML 50 R36.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONVERTIBLE DEBT (Tables)
 12 Months Ended
Dec. 31, 2023
CONVERTIBLE DEBT  
Schedule of Convertible Debt Activity

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

Beginning balance convertible notes

 

$100,000

 

 

$640,000

 

New notes

 

 

 

 

 

 

-

 

Payments

 

 

(100,000 )

 

 

(525,000 )

Conversion to common stock

 

 

 

 

 

 

(15,000 )

Subtotal notes

 

 

-

 

 

 

100,000

 

Debt discount at year end

 

 

-

 

 

 

-

 

Convertible note payable, net of discount

 

$-

 

 

$100,000

 
Summary of 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

 

 

20,257

 

Balance on December 31, 2022

 

 

54,293

 

Reduction of derivative related to conversions

 

 

(50,909 )

Change in fair value of derivative liabilities

 

 

(3,384 )

Balance on December 31, 2023

 

$-

 

 

 

December 31,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Dividend yield

 

 

-

 

 

 

0%

Expected volatility

 

 

-

 

 

87.9%-157.2

 

Risk free interest rate

 

 

-

 

 

1.46%-3.75

 

Contractual terms (in years)

 

 

-

 

 

1.25 - 0.75