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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measurements for Assets and Liabilities

Schedule of Fair Value Measurements for Assets and Liabilities 

June 30, 2023
Description		Level 1				Level 2				Level 3				Total
Liabilities:
Common stock warrants		$	-			$	-			$	158,698			$	158,698
Total		$	-			$	-			$	158,698			$	158,698

December 31, 2022
Description		Level 1				Level 2				Level 3				Total
Liabilities:
Common stock warrants		$	-			$	-			$	70,283			$	70,283
2022 Convertible Notes			-				-				5,600,000				5,600,000
Total		$	-			$	-			$	5,670,283			$	5,670,283

Schedule of Changes in Level 3 Instruments Measured on a Recurring Basis

The following table presents the changes in Level 3 instruments measured on a recurring basis for the period ended June 30, 2023:

Schedule of Changes in Level 3 Instruments Measured on a Recurring Basis 

Balance at December 31, 2022		$	5,670,283
Change in fair value of warrants			(5,621	)
Change in fair value of 2022 Convertible Notes			800,000
Balance at March 31, 2023		$	6,464,662
Change in fair value of warrants			94,036
Change in fair value of 2022 Convertible Notes			2,830,100
Conversion of 2022 Convertible Notes			(9,230,100	)
Balance at June 30, 2023		$	158,698

X

- 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

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X

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-3

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- References

No definition available.

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