Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE LIABILITIES (Tables)

v3.24.2.u1
DERIVATIVE LIABILITIES (Tables)
6 Months Ended
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
SCHEDULE OF CHANGES IN FAIR VALUE OF COMPANY'S LEVEL 3 FINANCIAL INSTRUMENTS

Changes in the fair value of the Company’s financial instruments for the nine months ended June 30, 2024 and 2023 were as follows:

  

    Level 1     Level 3     Level 3        
   

IPO and Rep

Warrants

   

Debenture

Warrants

   

Debenture

Convertible

Feature

    Total  
Balance at January 1, 2024   $ 11,308     $ 955,000     $ 1,724,000     $ 2,690,308  
Additions     -       1,175,000       854,000       2,029,000  
Conversions     -       -       (2,297,316 )     (2,297,316 )
Change in fair value     21,195       (1,346,430 )     632,309       (692,926 )
Effect of exchange rate changes     (563 )     (32,570 )     (64,993 )     (98,126 )
Balance at June 30, 2024   $ 31,940       751,000       848,000       1,630,940  

 

    Level 1     Level 3     Level 3        
   

Equity

Warrants

   

Debenture

Warrants

   

Debenture

Convertible

Feature

    Total  
Balance at January 1, 2023   $ 275,115     $ 2,917,000     $ 1,457,000     $ 4,649,115  
Additions     45,120       2,378,000       1,599,000       4,022,120  
Conversions     -       -       (194,492 )     (194,492 )
Change in fair value     (167,527 )     (4,579,136 )     (1,086,362 )     (5,833,025 )
Effect of exchange rate changes     8,903       (10,864 )     29,854       27,893  
Balance at June 30, 2023   $ 161,611     $ 705,000     $ 1,805,000     $ 2,671,611