Derivative Liabilities (Tables)
 12 Months Ended
Dec. 31, 2019
Derivative Liabilities (Tables)  
Schedule of assumptions used fair value derivative liabilities

 

2019

 

2018

 

Expected volatility

 

219% - 264

%

 

334% - 398

%

Risk free interest rate

 

1.55% - 2.34

%

 

1.49% - 1.73

%

Expected life (in years)

 

0.8 – 1.5

 

0.0 – 0.4

Summary of fair value of derivative liabilities on a recurring basis

 

 

Level 3

Carrying

Value as of

December 31,

2019

 

 

Level 3

Carrying

Value as of

December 31,

2018

 

Derivative liabilities:

 

 

 

 

 

 

Embedded conversion feature – convertible debt

 

 $ 87,571

 

 

 $ -

 

Embedded conversion feature – preferred stock

 

 

 4,751

 

 

 

 -

 

 

 

 $ 92,322

 

 

 $ -

 

 

 
Schedule of derivative liabilities measured at fair value

 

 

For The

Year

Ended

December 31,

2019

 

 

For The

Year

Ended

December 31,

2018

 

Embedded Conversion Features – Debt Instruments

 

 

 

 

 

 

Balances, as of the beginning of the year

 

 $ -

 

 

 $ 227,163

 

Derivative liabilities recorded upon issuance of debt instruments

 

 

 483,331

 

 

 

 6,698

 

Extinguishment due to conversion of debt instruments

 

 

 (3,055 )

 

 

 (176,820 )

Net changes in fair value included in net loss

 

 

 (392,705 )

 

 

 (57,041 )

Ending balance

 

 $ 87,571

 

 

 $ -

 

 

 

 

 

 

 

 

 

 

Embedded Conversion Features – Preferred Stock

 

 

 

 

 

 

 

 

Balances, as of the beginning of the year

 

 $ -

 

 

 $ -

 

Derivative liabilities recorded upon issuance of preferred stock

 

 

 207,067

 

 

 

 -

 

Extinguishment due to conversion of preferred stock

 

 

 (22,067 )

 

 

 -

 

Net changes in fair value included in net loss

 

 

 (180,249 )

 

 

 -

 

Ending balance

 

 $ 4,751

 

 

 $ -

 

 

 

 

 

 

 

 

 

 

Total ending balance

 

 $ 92,322

 

 

 $ -