v3.21.2
Derivative Liabilities (Tables)
9 Months Ended
Sep. 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 September 30, 2020:

 

For the three months ended September 30, 2020:

 

Derivative Liabilities at June 30, 2020   $ 14,101,095  
Additional new conversion option derivatives   $ -  
Conversion of note derivatives   $ (21,631 )
Change in fair value   $ (6,688,600 )
Derivative Liabilities at September 30, 2020     7,390,864  

 

For the nine months ended September 30, 2020:

 

Derivative Liabilities at December 31, 2019   $ 5,359,442  
Additional new conversion option derivatives   $ 7,272  
Conversion of note derivatives   $ (298,929 )
Change in fair value   $ 2,323,080  
Derivative Liabilities at September 30, 2020     7,390,863