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, 2021:
SCHEDULE OF CHANGES IN DERIVATIVES LIABILITIES
| Derivative Liabilities at March 31, 2021 | |
$ | 11,778,367 | |
| Additional new conversion option derivatives | |
$ | 1,859,944 | |
| Conversion of note derivatives | |
$ | (17,820,460 | ) |
| Change in fair value | |
$ | 10,244,460 | |
| Derivative Liabilities at June 30, 2021 | |
$ | 6,062,003 | |
| Derivative Liabilities at December 31, 2020 | |
$ | 23,798,241 | |
| Additional new conversion option derivatives | |
$ | 1,859,944 | |
| Conversion of note derivatives | |
$ | (18,765,881 | ) |
| Change in fair value | |
$ | 10,516,922 | |
| Derivative Liabilities at June 30, 2021 | |
$ | 6,062,003 | |
|