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Convertible Notes (Related and Unrelated Party) (Tables)

12 Months Ended

Dec. 31, 2020

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, ($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			76.74- 98.00	%
Risk Free interest rate			.15 - .41	%
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)			-

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			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 December 31, 2020 and December 31, 2019:

		2020				2019
Convertible notes		$	1,181,167			$	2,704,800
Less: Debt discount (warrant value)			(92,266	)			(325,747	)
Less: Debt discount (derivative value) (Note 8)			-				(638,988	)
Less: Debt discount (issuance costs paid)			(6,004	)			(27,000	)
Less: Note repayments/conversion			(110,166	)			(803,634	)
Add: Debt discount amortization			38,173				898,940
		$	1,010,904			$	1,808,371

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

		2020				2019
Convertible notes		$	235,200			$	1,363,200
Less: Debt discount (warrant value)			(1,817	)			(212,763	)
Less: Debt discount (derivative value) (Note 8)			(13,528	)			(697,186	)
Less: Debt discount (issuance costs paid)			(6,004	)			(23,700	)
Less: Note repayments			(67,200	)			-
Add: Debt discount amortization			9,487				502,639
		$	156,138			$	938,190

Schedule of Future Maturities of Convertible Notes

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

Years Ending December 31,		Total Convertible Notes
2021		$	168,000
2022			1,071,000
		$	1,139,000

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