| 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 nine months ended September 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 |
|
|
- |
|
|
|
- |
|
|
|
(529,340 |
) |
|
|
(529,340 |
) |
| Change in fair value |
|
|
(259,123 |
) |
|
|
(4,960,112 |
) |
|
|
(939,832 |
) |
|
|
(6,159,067 |
) |
| Effect of exchange rate changes |
|
|
5,456 |
|
|
|
(25,888 |
) |
|
|
(3,828 |
) |
|
|
(24,260 |
) |
| Balance at September 30, 2023 |
|
$ |
66,568 |
|
|
$ |
309,000 |
|
|
$ |
1,583,000 |
|
|
$ |
1,958,568 |
|
| |
|
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 |
|
| Conversions |
|
|
- |
|
|
|
- |
|
|
|
(63,723 |
) |
|
|
(63,723 |
) |
| Change in fair value |
|
|
(640,540 |
) |
|
|
(191,957 |
) |
|
|
(850,992 |
) |
|
|
(1,683,489 |
) |
| Effect of exchange rate changes |
|
|
(85,547 |
) |
|
|
(239,001 |
) |
|
|
(172,820 |
) |
|
|
(497,368 |
) |
| Balance at September 30, 2022 |
|
$ |
692,877 |
|
|
$ |
3,650,000 |
|
|
$ |
2,249,000 |
|
|
$ |
6,591,877 |
|
|