v3.20.1
ACQUIRED ASSETS AND ASSUMED LIABILITIES OF DISCONTINUED OPERATIONS (Tables)
 12 Months Ended
Dec. 31, 2019
ACQUIRED ASSETS AND ASSUMED LIABILITIES OF DISCONTINUED OPERATIONS (Tables)  
Schedule of total identified net assets

 

Security deposit

 

$

4,871

 

Goodwill

 

612,771

 

Accrued expenses

 

(125,647

)

Accrued interest

 

(49,261

)

Notes payable

 

(117,500

)

Convertible notes

 

(138,500

)

Derivative liability

 

(172,532

)

Total identified net assets

 

$

14,202

 
Schedule of Convertible notes

 

 

December 31,

2019

 

(A) Convertible note payable, annual interest rate of 8%, convertible into common stock at $0.11 per share and is due December 2019 (in default)

 

$

5,000

 

(B) Convertible note payable, annual interest rate of 8%, convertible into common stock at $0.11 per share and is due August 2020

 

50,000

 

(C) Convertible note payable, annual interest rate of 5%, convertible into common stock at a variable rate per share and was due September 2018 (in default)

 

63,500

 

(D) Convertible note payable, annual interest rate of 8%, convertible into common stock at $0.30 per share and is due October 13, 2020

 

20,000

 

Total convertible debt

 

$

138,500

 
Schedule of fair value of derivatives

 

 

December 31,

2019

 

December 31,

2018

 

(1) dividend yield of

 

0%;

 

0%;

 

(2) expected volatility of

 

39%;

 

336%;

 

(3) risk-free interest rate of

 

1.55%;

 

2.18%;

 

(4) expected life of

 

0.33 year;

 

0.33 year;

 

(5) fair value of the Company’s common stock of

 

$

0.06 per share.

 

$

0.08 per share.