v3.20.2
ACQUIRED ASSETS AND ASSUMED LIABILITIES OF DISCONTINUED OPERATIONS (Tables)
 6 Months Ended
Jun. 30, 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

 

 

June 30,

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

 

 

 

June 30,

2020

 

 

 

December 31,

2019

 

(1) dividend yield of

 

 

0%;

 

 

 

0%;

 

(2) expected volatility of

 

 

513%;

 

 

 

39%;

 

(3) risk-free interest rate of

 

 

0.16%;

 

 

 

1.55%;

 

(4) expected life of

 

 

0.33 year;

 

 

 

0.33 year;

 

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

 

 

$0.10 per share.

 

 

 

$0.06 per share.