DERIVATIVE FINANCIAL INSTRUMENTS

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

NOTE 7 - DERIVATIVE FINANCIAL INSTRUMENTS

Certain of the Company’s convertible promissory notes payable are convertible into shares of the Company’s common stock at a percentage of the market price on the date of conversion. The Company has determined that the variable conversion rate is an embedded derivative instrument. The Company uses the Black-Scholes valuation method to value the derivative instruments at inception and on subsequent valuation dates. Weighted average assumptions used to estimate fair values are as follows:

	March 31,			December 31,
	2024			2023
Risk-free interest rate		5.36-5.38	%		5.26- 5.55	%
Expected life of the options (Years)		0.50			0.50-0.51
Expected volatility		281.36%-306.34	%		248.25%-279.55	%
Expected dividend yield		0	%		0	%

Fair Value	$	29,083		$	9,138

A rollforward of the derivative liability from December 31, 2023 to March 31, 2024:

Derivative liabilities, December 31, 2023	$	9,138
Change in fair value of derivative liabilities		19,945
Derivative liabilities, March 31, 2024	$	29,083

Global Arena Holding, Inc. 10-Q