Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.21.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of Conversion Feature Using Black Scholes Option Pricing Model

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

 

      Three months ended March 31,  
      2021       2020  
                 
Expected term     1 – 4 months       1 month  
Exercise price     $0.012-$0.028       $0.09-$0.76  
Expected volatility     182%-206%       157%-249%  
Expected dividends     None       None  
Risk-free interest rate     0.07% to 0.13%       0.13% to 1.54%  
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 three months ended March 31, 2021:

 

    Derivative  
    Liability  
Balance December 31, 2020   $ 4,202,597  
         
Extinguishment     (74,476 )
Settlements by debt settlement     (538,534 )
Change in estimated fair value     1,700,010  
         
Balance March 31, 2021   $ 5,289,597  
Schedule of Liabilities Significant Unobservable Inputs

The following table presents balances in the liabilities with significant unobservable inputs (Level 3) at March 31, 2021:

 

    Fair Value Measurements Using
    Quoted Prices in     Significant Other     Significant        
    Active Markets for     Observable     Unobservable        
    Identical Assets     Inputs     Inputs        
    (Level 1)     (Level 2)     (Level 3)     Total  
                         
As of March 31, 2021                                
Derivative liability   $   -     $     -     $ 5,289,597     $ 5,289,597  
Total   $ -     $ -     $ 5,289,597     $ 5,289,597