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Derivative Liabilities | 12 Months Ended
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Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivative Liabilities | NOTE 12 – DERIVATIVE LIABILITIES The convertible notes were accounted for as liabilities at the date of issuance and adjusted to fair value through earnings. On May 14, 2019, due to the cash repayment any derivative liability was fair valued at repayment date and a gain was recorded for the reversal of derivative liability.
|  | Conversion feature derivative liability |
Balance at January 1, 2019 |  |  | - |
Derivative liability |  |  | 65,000 |
Change in fair value included in earnings |  |  | 36,925 |
Balance at March 31, 2019 |  | $ | 101,925 |
Change in fair value included in earnings |  |  | 32,752 |
Derivative liability reversed |  |  | (134,677 | )
Balance at December 31, 2019 |  | $ | - |
The Company used the following assumptions for determining the fair value of the convertible instruments granted under the Black-Scholes option pricing model:
|  | December 31, 2019 |
Expected volatility |  |  | 328 | %
Expected term - years |  |  | 0.79 |
Risk-free interest rate |  |  | 2.57 | %
Expected dividend yield |  |  | - | %

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- Definition The entire disclosure for derivatives and fair value of assets and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -URI http://asc.fasb.org/topic&trid=2155941 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 + Details
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