v3.21.2
Derivative Liabilities (Tables)
6 Months Ended
Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Changes in Derivatives Liabilities

The following table present the assumptions used in Black-Scholes Simulation model to determine the fair value of the derivative liabilities as of June 30, 2020:

 

For the three months ended June 30, 2020:

 

Derivative Liabilities at March 31, 2020   $ 15,737,346  
Additional new conversion option derivatives   $ -  
Conversion of note derivatives   $ (131,008 )
Change in fair value   $ (1,505,242 )
Derivative Liabilities at June 30, 2020     14,101,096  

 

For the six months ended June 30, 2020:

 

Derivative Liabilities at December 31, 2019   $ 5,359,442  
Additional new conversion option derivatives   $ 7,272  
Conversion of note derivatives   $ (277,298 )
Change in fair value   $ 9,011,680  
Derivative Liabilities at June 30, 2020     14,101,096