Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

v3.22.4
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2022
Investments, All Other Investments [Abstract]  
SCHEDULE OF DERIVATIVE LIABILITIES

A summary of the activity of the derivative liabilities is shown below:

 

 SCHEDULE OF DERIVATIVE LIABILITIES

As of December 31, 2021     22,554  
Additions      
Fair value adjustment     (17,339 )
As of June 30, 2022   $ 5,215  
SCHEDULE OF DERIVATIVE LIABILITY OF FAIR VALUE ASSUMPTION

Derivative liability classified warrants were valued using the Black Scholes Option Pricing Model with the range of assumptions outlined below. Expected life was determined based on historical exercise data of the Company.

 

 SCHEDULE OF DERIVATIVE LIABILITY OF FAIR VALUE ASSUMPTION

    June 30, 2022  
Risk-free interest rate     2.51 %
Expected life     0.5 years  
Expected dividend rate     0 %
Expected volatility     281 %