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, 2021:
SCHEDULE OF CHANGES IN DERIVATIVES LIABILITIES
| Derivative Liabilities at June 30, 2021 | |
$ | 6,062,003 | |
| Additional new conversion option derivatives | |
$ | 38,804 | |
| Conversion of note derivatives | |
$ | (1,382,373 | ) |
| Change in fair value | |
$ | 5,371,776 | |
| Derivative Liabilities at September 30, 2021 | |
$ | 10,090,212 | |
| Derivative Liabilities at December 31, 2020 | |
$ | 23,798,241 | |
| Additional new conversion option derivatives | |
$ | 1,898,748 | |
| Conversion of note derivatives | |
$ | (20,148,254 | ) |
| Change in fair value | |
$ | 4,541,477 | |
| Derivative Liabilities at September 30, 2021 | |
$ | 10,090,212 | |
|