Quarterly report pursuant to Section 13 or 15(d)

Convertible Notes Payable (Tables)

v3.23.1
Convertible Notes Payable (Tables)
3 Months Ended
Mar. 31, 2023
Convertible Note Payable [Abstract]
Schedule of fair value of the stock warrants was estimated at issuance using the binomial valuation model
2022
Dividend rate %
Term (in years) 4 years
Volatility 246.6% to 329.6%
Risk—free interest rate 2.79% to 3.12%

Schedule of convertible notes payable
March 31,
2023
December 31,
2022
Convertible notes payable $ 1,254,000 $ 1,199,750
Add: put premium 119,943 90,731
Less: unamortized debt discount (10,625 ) (7,968 )
Convertible notes payable, net 1,363,318 1,282,513
Less: current portion of convertible notes payable (1,194,818 ) (1,031,250 )
Convertible notes payable – long-term $ 168,500 $ 251,263