Quarterly report pursuant to Section 13 or 15(d)

Convertible Note Payable (Tables)

v3.22.1
Convertible Note Payable (Tables)
3 Months Ended
Mar. 31, 2022
Convertible Note Payable [Abstract]
Schedule of fair value of the stock warrants was estimated at issuance using the binomial valuation model
Dividend rate
%
Term (in years) 5 years
Volatility 348.5 %
Risk—free interest rate 1.16 %

Schedule of convertible notes payable
March 31,
2022
December 31,
2021
Convertible note payable $ 825,000 $ 825,000
Less: unamortized debt discount (446,875 ) (653,125 )
Convertible note payable, net 378,125 171,875
Less: current portion of convertible note payable (378,125 ) (171,875 )
Convertible note payable – long-term $
-
$
-