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Derivative Liabilities
 6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]    
Derivative Liabilities

Note 9 – Derivative Liabilities

 

As a result of the convertible notes we recognized the embedded derivative liability on the date of note issuance. We also revalued the remaining derivative liability on the outstanding note balance on the date of the balance sheet. We value the derivative liability using a binomial lattice model with an expected volatility range of 120% to 130% and a risk-free interest rate range of .05% to 0.1% The remaining derivative liabilities were:

   June 30, 2021   December 31, 2020 
Derivative Liabilities on Convertible Loans:          
Outstanding Balance  $263,433   $2,008,802 

 

Note 9 – Derivative Liabilities

 

As a result of the convertible notes we recognized the embedded derivative liability on the date of note issuance. We also revalued the remaining derivative liability on the outstanding note balance on the date of the balance sheet. We value the derivative liability using a binomial lattice model with an expected volatility range of 85% to 92% and a risk-free interest rate range of 1.60% to 1.64% The remaining derivative liabilities were:

   December 31, 2020   December 31, 2019 
Derivative Liabilities on Convertible Loans:          
Outstanding Balance  $2,008,802   $320,794