Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

v3.23.1
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
9 Months Ended
Sep. 30, 2022
Investments, All Other Investments [Abstract]  
SCHEDULE OF DERIVATIVE LIABILITIES

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

 

 

As of December 31, 2021     22,554  
Additions      
Fair value adjustment     (21,813 )
As of September 30, 2022   $ 741  
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.

 

 

    September 30, 2022  
Risk-free interest rate     3.33 %
Expected life     0.25 years  
Expected dividend rate     0 %
Expected volatility     269 %