Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

v3.22.2.2
DERIVATIVE FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
SCHEDULE OF FAIR VALUE MEASUREMENTS, RECURRING AND NONRECURRING, VALUATION TECHNIQUES

 

   

Initial Valuations

(on new derivative

instruments entered

into during the three

months ended

September 30, 2022)

    September 30, 2022  
Volatility     228.29250.04 %     250.04 %
Expected Remaining Term (in years)     0.500.67       0.47 - 0.53  
Risk Free Interest Rate     3.133.86 %     3.92 %
Expected dividend yield     None       None  
SCHEDULE OF FAIR VALUE, ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS

 

   

Balance at

September 30,
2022

   

Quoted Prices

in Active

Markets for

Identical

Assets

   

Significant

Other

Observable

Inputs

   

Significant

Unobservable
Inputs

 
              (Level 1)       (Level 2)       (Level 3)  
Embedded conversion option liabilities   $ 72,958     $     $     $ 72,958  
Total   $ 72,958     $     $     $ 72,958  

 

   

Balance at

June 30,
2022

   

Quoted Prices

in Active

Markets for

Identical

Assets

   

Significant

Other

Observable

Inputs

   

Significant

Unobservable
Inputs

 
          (Level 1)     (Level 2)     (Level 3)  
Embedded conversion option liabilities   $ 151,262     $     $     $ 151,262  
Total   $ 151,262     $     $     $ 151,262  
SCHEDULE OF DERIVATIVE LIABILITIES AT FAIR VALUE

The following is a roll forward for the three months ended September 30, 2022 of the fair value liability of price adjustable derivative instruments:

 

    Fair Value of  
    Liability for  
    Derivative  
    Instruments  
Balance at June 30, 2022   $ 151,262  
Initial fair value of embedded conversion option derivative liability recorded as debt discount     93,668  
Reduction of derivative liability upon debt conversion     (106,799 )
Change in fair value included in statements of operations     (65,173 )
Balance at September 30, 2022   $ 72,958