Quarterly report pursuant to Section 13 or 15(d)

Convertible Note Payable (Tables)

v3.22.2.2
Convertible Note Payable (Tables)
9 Months Ended
Sep. 30, 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
September 30,
2022
December 31,
2021
Convertible note payable $ 825,000 $ 825,000
Less: unamortized debt discount (85,000 ) (653,125 )
Convertible note payable, net 740,000 171,875
Less: current portion of convertible note payable (740,000 ) (171,875 )
Convertible note payable – long-term $
-
$
-