v3.19.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2019
Accounting Policies [Abstract]  
Schedule of Fair Value Assumptions

The conversion feature was recognized as an embedded derivative and was valued using a Black Scholes model that resulted in a derivative liability of $9,364,963 and $2,696,470 at June 30, 2019 and December 31, 2018, respectively.

 

   June 30, 2019 
Risk-free interest rates   2.40 – 2.57%
Expected life (years)   0.13 – 1.00 years 
Expected dividends   0%
Expected volatility   226 – 370%
Schedule of Changes in Derivatives Liabilities
   For the
Six Months Ended
June 30, 2019
 
Balance – December 31, 2018  $2,696,470 
Issuance of new derivative liabilities   6,363,065 
Conversions to paid-in capital   (742,491)
Change in fair market value of derivative liabilities   968,579 
Balance – June 30, 2019  $9,364,963