Petroteq Energy Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Derivative Liability (Tables)

Derivative Liability (Tables)

3 Months Ended

Nov. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Black-Scholes valuation model

	Three months ended November 30, 2021
Conversion price	USD$0.042 to $0.146
Risk free interest rate		0.35	%
Expected life of derivative liability		6 months
Expected volatility of underlying stock		145.4 to 195.6	%
Expected dividend rate		0	%

Schedule of derivative liability

	November 30, 2021			August 31, 2021
Opening balance	$	322,186		$	841,385
Derivative financial liability arising from convertible notes		-			653,826
Fair value adjustment to derivative liability		(52,420	)		(1,173,025	)
Fair value of derivative included in beneficial conversion feature		(269,766	)		-
	$	-		$	322,186

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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+ Details