Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

v3.23.3
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
9 Months Ended
Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of assumptions
               
   

 

 

May 24, 2023

   

 

August 3, 2023

 
Conversion Feature Liabilities                
Company stock price on valuation date   $ 0.70     $ 0.551  
Volatility (closing prices of guideline comparable public companies)     86.3%       84.1%  
Conversion price per share   $ 0.75     $ 0.75  
Note term (years)     0.76       0.56  
Risk free interest rate     5.1%       5.4%  
Warrant Liabilities                
Company stock price on valuation date   $ 0.70     $ 0.551  
Volatility (closing prices of guideline comparable public companies)     119.2%       115.0%  
Conversion price per share   $ 0.75     $ 0.75  
Warrant term (years)     4.25       4.06  
Risk free interest rate     3.8%       4.3%  
Schedule of fair value of derivative liabilities
               
    May 24, 2023     August 3, 2023  
Conversion Feature - New Notes   $ 663,096     $ 557,168  
Conversion Feature - Series A Exchange Notes     970,805       416,672  
Conversion Feature - Series B Exchange Notes     4,324,792       2,651,436  
New Warrants     3,123,682       2,445,244  
Exchange Warrants     9,287,474       7,191,535  
Total   $ 18,369,849     $ 13,262,055