Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.20.2
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2020
Fair Value Disclosures [Abstract]  
Schedule of Variable Conversion Rate

The Company measures the conversion feature using the Black Scholes option pricing model using the following assumptions:

 

    Nine months ended September 30,  
    2020     2019  
                 
Expected term     1 - 6 months       1 month - 1 year  
Exercise price     $0.05-$0.76       $3.90-$12.90  
Expected volatility     157%-249%       134%-163%  
Expected dividends     None       None  
Risk-free interest rate     0.03% to 1.54%       1.72% to 2.87%  
Forfeitures     None       None  
Schedule of Fair Value of Derivative Liability

The following table presents changes in the liabilities with significant unobservable inputs (level 3) for the nine months ended September 30, 2020:

 

    Derivative  
    Liability  
Balance December 31, 2019   $ 10,599,690  
         
Issuance of convertible debt     785,057  
Extinguishment following note exchange     (177,422 )
Settlements by debt settlement     (1,733,849 )
Change in estimated fair value     (6,016,625 )
         
Balance September 30, 2020   $ 3,456,851  
Schedule of Recorded Derivative Liability

The following table presents balances in the liabilities with significant unobservable inputs (Level 3) at September 30, 2020:

 

    Fair Value Measurements Using  
    Quoted Prices in Active Markets for Identical Assets     Significant Other Observable Inputs     Significant Unobservable Inputs        
    (Level 1)     (Level 2)     (Level 3)     Total  
                                 
As of September 30, 2020                                
Derivative liability   $ -     $ -     $ 3,456,851     $ 3,456,851  
Total   $ -     $ -     $ 3,456,851     $ 3,456,851