Derivative Liability
 9 Months Ended 12 Months Ended
Dec. 31, 2019
Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]    
Derivative Liability

NOTE 7 – DERIVATIVE LIABILITY

 

During the nine months ended December 31, 2019, we had the following activity in our derivative liability account:

 

Derivative liability at March 31, 2019   $ 1,358,901  
Derivative liability recorded on new instruments     1,206,139  
Derivative liability reduced by debt settlement     (1,676,735 )
Change in fair value     (504,635 )
Derivative liability at December 31, 2019   $ 383,670  

 

We use the binomial option pricing model to estimate fair value for those instruments convertible into common stock, at inception, at conversion date, and at each reporting date. During the nine months ended December 31, 2019, the assumptions used in our binomial option pricing model were in the following range:

 

Risk free interest rate     1.53% - 2.13 %
Expected life in years     0.03 - 1.25  
Expected volatility     250% - 381 %

NOTE 8 – DERIVATIVE LIABILITY

 

During the years ended March 31, 2020 and 2019, we had the following activity in our derivative liability account:

 

Derivative liability at March 31, 2018   $ -  
Derivative liability recorded on new instruments     1,144,525  
Change in fair value     214,376  
Derivative liability at March 31, 2019     1,358,901  
Derivative liability recorded on new instruments     1,924,569  
Derivative liability extinguished with notes settled     (1,918,744 )
Change in fair value     (571,231 )
Derivative liability at March 31, 2020   $ 793,495  

 

We use the binomial option pricing model to estimate fair value for those instruments convertible into common stock, at inception, at conversion or settlement date, and at each reporting date. During the year ended March 31, 2020 and 2019, the assumptions used in our binomial option pricing model were in the following range:

 

      Year Ended March 31,  
      2020       2019  
Risk free interest rate     0.17% - 2.13 %     2.40% - 2.58 %
Expected life in years     0.03 - 1.25       0.35 - 1.25  
Expected volatility     224% - 381 %     222% - 268 %