Quarterly report pursuant to Section 13 or 15(d)

Stockholder???s Equity (Tables)

v3.23.2
Stockholder’s Equity (Tables)
6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Schedule of Warrant Valuation Assumption

The Company utilizes the Black-Scholes model to value its warrants. The Company utilized the following assumptions:

 

    Six Months Ended  
    June 30,  
    2023  
Expected term     5 years
Expected average volatility     182 - 190 %
Expected dividend yield     -  
Risk-free interest rate     3.62 - 3.96 %
Schedule of Activity of Warrants

A summary of activity of the warrants during the six months ended June 30, 2023 as follows:

 

    Number of     Weighted Average     Average  
    shares     Exercise Price     Life (years)  
Outstanding, December 31, 2022     -     $ -       -  
Granted     14,610,000       0.30       5.00  
Granted     55,821,916       0.33       5.00  
Granted     690,000       0.375       5.00  
Granted     1,022,727       0.413       5.00  
Exercised     (14,610,000 )     0.30       -  
Exercised     (28,693,840 )     0.33       -  
Expired     -       -       -  
Outstanding, June 30, 2023     28,840,803     $ 0.33       4.81  
                         
Exercisable, June 30, 2023     27,128,076     $ 0.31       4.53