DERIVATIVE FINANCIAL INSTRUMENTS

6 Months Ended

Jun. 30, 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:

	June 30,			December 31,
	2024			2023
Risk-free interest rate		5.33			5.26- 5.55	%
Expected life of the options (Years)		0.50			0.50-0.51
Expected volatility		297	%		248.25%-279.55	%
Expected dividend yield		0	%		0	%

Fair Value	$	12,749		$	9,138

A rollforward of the derivative liability from December 31, 2023 to June 30, 2024:

Derivative liabilities, December 31, 2023	$	9,138
Change in fair value of derivative liabilities		3,611
Derivative liabilities, June 30, 2024	$	12,749

Global Arena Holding, Inc. 10-Q