v3.20.1
ACQUIRED ASSETS AND ASSUMED LIABILITIES OF DISCONTINUED OPERATIONS (Tables)
 3 Months Ended
Mar. 31, 2020
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

 

March 31, 2020

 

(A) Convertible note payable, annual interest rate of 8%, convertible into common stock at $0.11 per share and was 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

 

March 31,

2020

December 31,

2019

(1) dividend yield of

0%;

0%;

(2) expected volatility of

77%;

39%;

(3) risk-free interest rate of

0.11%;

1.55%;

(4) expected life of

0.33 year;

0.33 year;

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

$0.06 per share.

$0.06 per share.