| Convertible Promissory Notes |
The Convertible Promissory Notes (debt host) are not subject to Subtopic 480-10.
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Convertible Promissory Notes
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Notes 1 to 7
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$5,340.0
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$5,340.0
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Notes 8 to 12
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17,500.0
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17,500.0
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Notes 13 to 20
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17,860.0
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17,860.0
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Notes 21 to 23
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7,455.0
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—
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Digital World Convertible Notes
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50,103.0
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—
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Total
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98,258.0
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40,700.0
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Debt Issuance costs
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(240.0)
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(240.0)
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Carrying value of Convertible Promissory Notes
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98,018.0
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40,460.0
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Less: Derivative liability component
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(37,234.8)
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(37,234.8)
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Liability component at date of issue
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60,783.2
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3,225.2
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Interest charged
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44,939.4
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42,121.8
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Loss on extinguishment of debt
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542.3
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—
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Total Liability component
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$106,264.9
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$45,347.0
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Less: Conversion to Paid in Capital
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(56,107.1)
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—
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Less: Short-term liability component
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(50,157.8)
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(41,818.8)
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Liability component at March 31, 2024 and December 31,
2023
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$—
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$3,528.2
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Embedded feature component
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Derivative liability component
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$37,234.8
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$37,234.8
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Change in fair value of embedded derivative
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207,084.1
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(18,832.0)
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Total Derivative Liability Component
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244,318.9
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18,402.8
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Less: Conversion to Paid in Capital
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(244,318.9)
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—
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Less: Short-term derivative liability component
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—
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(17,282.5)
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Derivative Liability Component at March 31, 2024 and
December 31, 2023
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—
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1,120.3
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As of December 31, 2023 and 2022, none of the of the Notes
outstanding were called.
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Convertible Promissory Notes
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Notes 1 to 7
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$5,340.0
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$5,340.0
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Notes 8 to 12
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17,500.0
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17,500.0
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Notes 13 to 20
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17,860.0
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15,360.0
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40,700.0
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38,200.0
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Debt Issuance costs
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(240.0)
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(240.0)
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Nominal value of Convertible Promissory Notes
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40,460.0
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37,960.0
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Derivative liability Component
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(37,234.8)
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(36,528.7)
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Liability component at date of issue
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3,225.2
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1,431.3
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Interest charged
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42,121.8
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2,692.6
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Interest paid
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—
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—
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Total Liability component
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$45,347.0
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$4,123.9
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Less: Short-term liability component
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(41,818.8)
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(4,123.9)
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Long-term liability component at
December 31, 2023 and December 31, 2022
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$3,528.2
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$—
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Embedded feature Component
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Derivative liability Component
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$37,234.8
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$36,528.7
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Change in fair value of Embedded derivative
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(18,832.0)
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(21,623.4)
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Total Derivative Liability Component
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18,402.8
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14,905.3
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Less: Short-term Derivative Liability Component
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(17,282.5)
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(14,905.3)
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Long-term derivative liability component at December 31, 2023 and December 31, 2022
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$1,120.3
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$—
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