WARRANTS

9 Months Ended

Sep. 30, 2023

NOTE 10 – WARRANTS

On April 4, 2023, the Company issued warrants to GK Partners ApS to purchase up to 5,000,000 shares of common stock. The warrants were issued as an incentive to provide future financing to the Company. The Warrants are exercisable for shares of the Company’s common stock at a price of $0.50 per share and expire on December 31, 2024. Using the Black-Scholes option pricing model, the fair value for the warrants was calculated to be $1,582,072.

The assumptions used to determine the fair value of the Warrants as follows:

SCHEDULE OF FAIR VALUE OF THE WARRANTS

Expected life (years)	1.75
Risk-free interest rate	3.84	%
Expected volatility	132.96	%
Dividend yield	0	%

SCHEDULE OF WARRANT ACTIVITY

	Number of Warrants		Weighted Average Exercise Price		Weighted Average Remaining Contract Term		Intrinsic Value
Outstanding, December 31, 2022		—		—		—		-
Issued		5,000,000	$	0.50		1.75		-
Cancelled		—	$	—		—		-
Exercised		—	$	—		—		-
Outstanding, September 30, 2023		5,000,000	$	0.50		1.25	$	—

Mag Mile Capital, Inc. S-1/A