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Convertible Notes (Related and Unrelated Party) (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Fair Value Assumptions Used

The fair value of the warrants, $0.17 per share ($220,548 in the aggregate), was calculated using the Black-Scholes option pricing model using the following assumptions:

Expected life (in years)			3
Volatility (based on a comparable company)			54.82	%
Risk Free interest rate			2.41	%
Dividend yield (on common stock)			-

The fair value of the warrants, $0.25 per share ($235,519 in the aggregate), was calculated using the Black-Scholes option pricing model using the following assumptions:

Expected life (in years)			3
Volatility (based on a comparable company)			55.49	%
Risk Free interest rate			2.45	%
Dividend yield (on common stock)			-

The fair value of the warrants, $0.31 per share ($212,763 in the aggregate), was calculated using the Black-Scholes option pricing model using the following assumptions:

Expected life (in years)			3
Volatility (based on a comparable company)			59.00	%
Risk Free interest rate			2.83	%
Dividend yield (on common stock)			-

Schedule of Convertible Notes

The convertible notes consist of the following components as of the year-end:

		31-Dec-19				31-Dec-18
Convertible notes		$	2,704,800			$	2,704,800
Less: Debt discount (warrant value)			(325,747	)			(325,747	)
Less: Debt discount (derivative value)(Note 7)			(638,988	)			(638,988	)
Less: Debt discount (issuance costs paid)			(27,000	)			(27,000	)
Less: Note conversion			(803,634	)			(453,000	)
Add: Debt discount amortization			898,940				481,042
		$	1,808,371			$	1,741,107

The convertible notes consist of the following components as of the year-end:

		31-Dec-19				31-Dec-18
Convertible notes		$	1,363,200			$	1,363,200
Less: Debt discount (warrant value)			(212,763	)			(212,763	)
Less: Debt discount (derivative value)(Note 7)			(697,186	)			(697,186	)
Less: Debt discount (issuance costs paid)			(23,700	)			(23,700	)
Add: Debt discount amortization			502,639				38,665
		$	932,190			$	468,216

Schedule of Future Maturities of Convertible Notes

Future maturity of convertible notes at face value before effect of all discount, are as follow:

		Total Convertible Notes
Years ending December 31,
2020		$	177,366
2021			168,000
2022			1,071,000
2023			-
2024			-
		$	1,416,366

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Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

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Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

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