Derivative Liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value Assumptions

The following table present the assumptions used in the Lattice-Based and Black-Scholes Simulation models to determine the fair value of the derivative liabilities as of December 31, 2020 and 2019:

		December 31, 2020 (Black-Scholes)
Risk-free interest rates			0.21	%
Expected life (years)			1.00 year
Expected dividends			0	%
Expected volatility			467	%

		December 31, 2019 (Lattice Model)
Risk-free interest rates			1.74 – 2.63	%
Expected life (years)			0.05 – 1.00 years
Expected dividends			0	%
Expected volatility			226 – 736	%

Schedule of Changes in Derivatives Liabilities

The following table provides a roll-forward of the fair values of the Company’s derivative liabilities for the years ended December 31, 2020 and 2019:

		Year Ended December 31, 2020
Balance – December 31, 2019		$	5,359,442
Additional new conversion option derivatives			7,272
Conversion of note derivatives			(428,733	)
Change in fair market value of derivative liabilities			18,860,260
Balance – December 31, 2020		$	23,798,240

		Year Ended December 31, 2019
Balance – December 31, 2018		$	2,696,470
Issuance of new derivative liabilities			7,592,844
Conversions to paid-in capital			(822,187
Reclass to additional paid-in capital			(582,824
Change in fair market value of derivative liabilities			(3,524,861
Balance – December 31, 2019		$	5,359,442