Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.23.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2023
Accounting Policies [Abstract]  
SCHEDULE OF FAIR VALUE MEASUREMENTS

The following table summarized the financial instruments of the Company at fair value based on the valuation approach applied to each class of security as of September 30, 2023:

   

Carrying

Value at

September 30, 2023

   

Quoted Prices

in Active

Markets for

Identical

Assets

(Level 1)

   

Significant

Other

Observable

Inputs

(Level 2)

   

Significant

Unobservable

Inputs

(Level 3)

 
          Fair Value Measurement at Reporting Date Using  
   

Carrying

Value at

September 30, 2023

   

Quoted Prices

in Active

Markets for

Identical

Assets

(Level 1)

   

Significant

Other

Observable

Inputs

(Level 2)

   

Significant

Unobservable

Inputs

(Level 3)

 
Liabilities:                                
Fair Value of potential Share Adjustment   $ 39,894,720     $       -     $          -     $ 39,894,720  
Total Liabilities   $ 39,894,720     $ -     $ -     $ 39,894,720  
SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF NET LOSS PER SHARE

The following table summarizes the securities that were excluded from the diluted per share calculation because the effect of including these potential shares was antidilutive due to the Company’s net loss position even though the exercise price could be less than the average market price of the common stock:

 

    2023     2022  
   

Three Months Ended

September 30,

 
    2023     2022  
Warrants     39,350,000       -  
Potential shares issuable under acquisition Share Adjustments     325,785,637       -  
Total     365,135,637       -  

 

    2023     2022  
   

Nine Months Ended

September 30,

 
    2023     2022  
Warrants     -       35,700,000  
Unvested compensation shares     -       352,087  
Total     -       36,404,174