| SCHEDULE OF CHANGES IN THE FAIR VALUE OF COMPANY'S LEVEL 3 FINANCIAL INSTRUMENTS |
Changes
in the fair value of the Company’s financial instruments for the six months ended June 30, 2023 and 2022 were as follows:
SCHEDULE OF CHANGES IN THE FAIR VALUE OF COMPANY'S LEVEL 3 FINANCIAL
INSTRUMENTS
| |
|
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 |
|
| |
|
Level
1 |
|
|
Level
3 |
|
|
Level
3 |
|
|
|
|
| |
|
Equity Warrants
|
|
|
Debenture Warrants
|
|
|
Debenture Convertible Feature
|
|
|
Total |
|
| Balance at January 1, 2022 |
|
$ |
1,418,964 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
1,418,964 |
|
| Additions |
|
|
- |
|
|
|
4,080,958 |
|
|
|
3,336,535 |
|
|
|
7,417,493 |
|
| Change in fair value |
|
|
(218,462 |
) |
|
|
- |
|
|
|
- |
|
|
|
(218,462 |
) |
| Effect of exchange
rate changes |
|
|
(27,216 |
) |
|
|
- |
|
|
|
- |
|
|
|
(27,216 |
) |
| Balance at June 30,
2022 |
|
$ |
1,173,286 |
|
|
$ |
4,080,958 |
|
|
$ |
3,336,535 |
|
|
$ |
8,590,779 |
|
|