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Convertible Notes (Related and Unrelated Party) (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Fair Value Assumptions Used

The fair value of the warrants, ($92,266 in the aggregate which consists of the L and P Warrants), were calculated using the Black-Scholes option pricing model using the following assumptions:

Expected life (in years)			1 to 3
Volatility (based on a comparable company)			76.74- 98.00	%
Risk Free interest rate			.15 - .41	%
Dividend yield (on common stock)			-

The fair value of the modified L warrants, ($4,279 prior to modification, and $6,096 post modification), was calculated using the Black-Scholes option pricing model using the following assumptions:

Expected life (in years)			1.71
Volatility (based on a comparable company)			88.02	%
Risk Free interest rate			0.37	%
Dividend yield (on common stock)			-

Schedule of Convertible Notes

The convertible notes consist of the following components as of March 31, 2020 and December 31, 2019:

		March 31, 2020				December 31, 2019
Convertible notes		$	1,181,167			$	2,704,800
Less: Debt discount (warrant value)			(92,266	)			(325,747	)
Less: Debt discount (derivative value) (Note 7)			-				(638,988	)
Less: Debt discount (issuance costs paid)			(6,004	)			(27,000	)
Less: Note conversion/settlements			-				(803,634	)
Add: Debt discount amortization			1,321				898,940
		$	1,084,218			$	1,808,371

The convertible notes consist of the following components as of March 31, 2020 and December 31, 2019:

		March 31, 2020				December 31, 2019
Convertible notes		$	235,200			$	1,363,200
Less: Debt discount (warrant value)			(1,817	)			(212,763	)
Less: Debt discount (derivative value) (Note 7)			(13,528	)			(697,186	)
Less: Debt discount (issuance costs paid)			(6,004	)			(23,700	)
Add: Debt discount amortization			327				508,639
		$	214,178			$	932,190

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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-Name Accounting Standards Codification
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