| Schedule of Valuation of Financial Instruments at Fair Value on a Recurring Basis |
The
following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheet as of June
30, 2023 and December 31, 2022, respectively:
Schedule of Valuation of Financial Instruments at Fair Value on a Recurring Basis
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| |
|
Fair Value Measurements at June 30, 2023 |
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| Assets |
|
|
|
|
|
|
|
|
|
| Cash |
|
$ |
175,235 |
|
|
$ |
- |
|
|
$ |
-
|
|
| Total assets |
|
|
175,235 |
|
|
|
- |
|
|
|
- |
|
| Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible note payable, related party |
|
|
- |
|
|
|
750,000 |
|
|
|
- |
|
| Notes payable, related parties |
|
|
- |
|
|
|
999,500 |
|
|
|
- |
|
| Notes payable, net of $77,640 of debt discounts at June 30, 2023 |
|
|
- |
|
|
|
389,373 |
|
|
|
- |
|
| Total liabilities |
|
|
- |
|
|
|
(2,138,873 |
) |
|
|
- |
|
| Total assets and liabilities |
|
$ |
175,235 |
|
|
$ |
(2,138,873 |
) |
|
$ |
- |
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| |
|
Fair Value Measurements at December 31, 2022 |
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| Assets |
|
|
|
|
|
|
|
|
|
| Cash |
|
$ |
11,016 |
|
|
$ |
- |
|
|
$ |
- |
|
| Right-of-use asset |
|
|
- |
|
|
|
- |
|
|
|
425,969 |
|
| Total assets |
|
|
11,016 |
|
|
|
- |
|
|
|
425,969 |
|
| Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Lease liabilities |
|
|
|
|
|
|
- |
|
|
|
427,915 |
|
| Convertible notes payable |
|
|
- |
|
|
|
750,000 |
|
|
|
- |
|
| Notes payable |
|
|
- |
|
|
|
145,524 |
|
|
|
- |
|
| Notes payable, related parties |
|
|
- |
|
|
|
999,500 |
|
|
|
- |
|
| Total liabilities |
|
|
- |
|
|
|
(1,895,024 |
) |
|
|
(427,915 |
) |
| Total assets and liabilities |
|
$ |
11,016 |
|
|
$ |
(1,895,024 |
) |
|
$ |
(1,946 |
) |
|