Annual report pursuant to Section 13 and 15(d)

Convertible Notes Payable (Tables)

v3.23.1
Convertible Notes Payable (Tables)
12 Months Ended
Dec. 31, 2022
Convertible Note Payable [Abstract]
Schedule of fair value of the stock warrants was estimated at issuance using the binomial valuation model
2022 2021
Dividend rate %
—%
Term (in years) 4 years 5 years
Volatility 246.6% to 329.6% 348.5%
Risk—free interest rate 2.79% to 3.12% 1.16%

Schedule of convertible notes payable
December 31,
2022
December 31,
2021
Convertible notes payable $ 1,199,750 $ 825,000
Add: put premium 90,731
-
Less: unamortized debt discount (7,968 ) (653,125 )
Convertible note payable, net 1,282,513 171,875
Less: current portion of convertible note payable (1,031,250 ) (171,875 )
Convertible note payable – long-term $ 251,263 $
-