Level 1
Level 2
Level 3
Fair value of derivative liability as of March 31, 2020
$
--
603,836
Change in fair value at initial issuance
544,592
Change in fair value due to conversion of debt
(199,567
)
Change in fair value of the derivative
(646,705
Balance at March 31, 2021
302,156
Risk-free interest rate
1.80
%
Expected life in years
0.25
Dividend yield
0
Expected volatility
206.00