Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.21.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of Conversion Feature Using Black Scholes Option Pricing Model

 

      Six months ended June 30,  
      2021       2020  
                 
Expected term     14 months       -  
Exercise price   $ 0.012-$0.028       -  
Expected volatility     182%-206 %     -  
Expected dividends     None       -  
Risk-free interest rate     0.07% to 0.13 %     -  
Forfeitures     None       -  
Schedule of Fair Value of Derivative Liability

 

    Derivative  
    Liability  
Balance December 31, 2020   $ 4,202,597  
         
Extinguishment     (133,386 )
Settlements by debt settlement     (585,857 )
Change in estimated fair value     2,420,449  
         
Balance June 30, 2021   $ 5,903,803  
Schedule of Liabilities Significant Unobservable Inputs

The following table presents balances in the liabilities with significant unobservable inputs (Level 3) at June 30, 2021:

 

    (Level 1)     (Level 2)     (Level 3)     Total  
    Fair Value Measurements Using  
    Quoted Prices in     Significant            
   

Active

Markets for

   

Other

Observable

   

Significant

Unobservable

       
    Identical Assets     Inputs     Inputs        
    (Level 1)     (Level 2)     (Level 3)     Total  
                         
As of June 30, 2021                                
Derivative liability   $      -     $        -     $ 5,903,803     $ 5,903,803  
Total   $ -     $ -     $ 5,903,803     $ 5,903,803