| 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 September
30, 2024 and December 31, 2023, respectively:
Schedule
of Valuation of Financial Instruments at Fair Value on a Recurring Basis
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| |
|
Fair Value Measurements at September 30, 2024 |
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| Assets |
|
|
|
|
|
|
|
|
|
|
|
|
| Cash |
|
$ |
81,630 |
|
|
$ |
- |
|
|
$ |
- |
|
| Total assets |
|
|
81,630 |
|
|
|
- |
|
|
|
- |
|
| Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible notes payable, related party |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Notes payable, related parties, net of $7,153 of debt discounts |
|
|
- |
|
|
|
2,090,120 |
|
|
|
- |
|
| Notes payable, net of $434,289 of debt discounts |
|
|
- |
|
|
|
1,397,532 |
|
|
|
- |
|
| Total liabilities |
|
|
- |
|
|
|
(3,487,652 |
) |
|
|
- |
|
| Fair Value, Net Asset
(Liability) |
|
$ |
81,630 |
|
|
$ |
(3,487,652 |
) |
|
$ |
- |
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| |
|
Fair Value Measurements at December 31, 2023 |
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| Assets |
|
|
|
|
|
|
|
|
|
| Cash |
|
$ |
726 |
|
|
$ |
- |
|
|
$ |
- |
|
| Total assets |
|
|
726 |
|
|
|
- |
|
|
|
- |
|
| 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 |
) |
|
|
- |
|
| Fair Value, Net Asset
(Liability) |
|
$ |
726 |
|
|
$ |
(2,207,364 |
) |
|
$ |
- |
|
|