| 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 balances sheet as of December
31, 2023 and 2022:
Schedule
of Valuation of Financial Instruments at Fair Value on a Recurring Basis
| |
|
Level
1 |
|
|
Level
2 |
|
|
Level
3 |
|
| |
|
Fair
Value Measurements at December 31, 2023 |
|
| |
|
Level
1 |
|
|
Level
2 |
|
|
Level
3 |
|
| Assets |
|
|
|
|
|
|
|
|
|
|
|
|
| Cash |
|
$ |
726 |
|
|
$ |
- |
|
|
$ |
- |
|
| Right-of-use
asset |
|
|
|
|
|
|
|
|
|
|
|
|
| Total
assets |
|
|
726 |
|
|
|
- |
|
|
|
- |
|
| Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Lease liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible notes payable,
related party |
|
|
- |
|
|
|
750,000 |
|
|
|
- |
|
| Notes payable, related parties |
|
|
- |
|
|
|
1,146,500 |
|
|
|
- |
|
|
Notes
payable, net of $24,136
of debt discounts
|
|
|
- |
|
|
|
310,864 |
|
|
|
- |
|
| Total
liabilities |
|
|
- |
|
|
|
(2,207,364 |
) |
|
|
- |
|
| Total assets and liabilities |
|
$ |
726 |
|
|
$ |
(2,207,364 |
) |
|
$ |
- |
|
| |
|
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, related parties |
|
|
- |
|
|
|
299,500 |
|
|
|
- |
|
| Notes
payable |
|
|
- |
|
|
|
845,524 |
|
|
|
- |
|
| Total
liabilities |
|
|
- |
|
|
|
(1,895,024 |
) |
|
|
(427,915 |
) |
| Total assets and liabilities |
|
$ |
11,016 |
|
|
$ |
(1,895,024 |
) |
|
$ |
(1,946 |
) |
|