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Derivative Liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Liability [Abstract]

Summary of Changes in Fair Value

The table below provides a summary of the changes in fair value, including net transfers in and/or out, of all financial assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the year ended December 31, 2020:

		Fair Value Measurement Using Level 3 Inputs
		Total
Balance, December 31, 2019		$	190,846
Change in fair value of derivative liabilities			(577,936	)
Derivative liabilities recorded on issuance of convertible notes			2,024,191
Write-off of derivative liabilities upon settlement of debt			(279,573	)
Balance, December 31, 2020		$	1,357,528

Schedule of Weighted Average Assumptions

During the year ended December 31, 2020, the fair value of the derivative feature was calculated using the following weighted average assumptions:

		December 31, 2020
Risk-free interest rate			0.08 – 1.51	%
Expected life of grants			0.75 year
Expected volatility of underlying stock			96 - 132	%
Dividends			0	%

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- References

No definition available.

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- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (k)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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