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Warrants (Tables)
9 Months Ended
Sep. 30, 2021
Warrants  
Schedule of Warrant Activity

The following table summarized the warrant activity for the nine months ended September 30, 2021:

 

           Weighted     
       Weighted   Average     
       Average   Remaining   Aggregate 
   Number of   Exercise   Contractual   Intrinsic 
Warrants  Shares   Price   Term   Value 
Balance Outstanding, December 31, 2020   -   $-    -   $       - 
Granted   88,885,704    0.05    5.00    - 
Forfeited   -    -    -    - 
Exercised   -    -    -    - 
Expired   -    -    -    - 
Balance Outstanding, September 30, 2021   88,885,704   $0.05    4.93   $- 
                     
Exercisable, September 30, 2021   88,885,704   $0.05    4.93   $- 
Schedule of Fair Value of the Derivative Conversion Features and Warrant Liabilities

The fair value of the derivative conversion features and warrant liabilities as of September 30, 2021 were calculated using the Black and Scholes method with the following assumptions:

 

   September 30,
2021
 
Dividend yield   0%
Expected volatility   176%
Risk free interest rate   0.98%
Contractual terms (in years)   4.43 - 4.81 
Conversion/Exercise price  $0.05 
Schedule of Fair Value, Liabilities Measured on Unobservable Input Reconciliation

The table below provides a summary of the changes in fair value, including net transfers in and/or out of all financial liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the nine months ended September 30, 2021:

 

   Amount 
Balance on December 31, 2020  $- 
Issuances   2,492 
Change in fair value of warrant liabilities   (451)
Balance on September 30, 2021   $  2, 041