Annual report pursuant to Section 13 and 15(d)

DERIVATIVE LIABILITIES (Tables)

v3.24.1
DERIVATIVE LIABILITIES (Tables)
12 Months Ended
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
SCHEDULE OF CHANGES IN THE FAIR VALUE OF COMPANY'S LEVEL 3 FINANCIAL INSTRUMENTS

Changes in the fair value of Company’s Level 1 and 3 financial instruments for the year ended December 31, 2023 were as follows:

 

    Level 1     Level 3     Level 3        
   

Equity

Warrants

    Debenture Warrants    

Debenture

Convertible

Feature

    Total  
Balance at December 31, 2022   $ 275,115     $ 2,917,000     $ 1,457,000     $ 4,649,115  
Additions     45,120       4,682,000       3,816,000       8,543,120  
Conversions     -       -       (1,229,482 )     (1,229,482 )
Change in fair value     (314,995 )     (6,670,231 )     (2,375,660 )     (9,360,886 )
Effect of exchange rate changes     6,068       26,231       56,142       88,441  
Balance at December 31, 2023   $ 11,308     $ 955,000     $ 1,724,000     $ 2,690,308  

 

Changes in the fair value of Company’s Level 1 and 3 financial instruments for the year ended December 31, 2022 were as follows:

 

    Level 1     Level 3     Level 3        
   

Equity

Warrants

    Debenture Warrants    

Debenture

Convertible

Feature

    Total  
Balance at December 31, 2021   $ 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     (1,086,562 )     (966,141 )     (1,667,166 )     (3,719,869 )
Effect of exchange rate changes     (57,287 )     (197,817 )     (148,646 )     (403,750 )
Balance at December 31, 2022   $ 275,115     $ 2,917,000     $ 1,457,000     $ 4,649,115