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WARRANTS AND PREFERRED STOCKS (Tables)
 12 Months Ended
Dec. 31, 2021
WARRANTS AND PREFERRED STOCKS (Tables)  
Summary of assumptions used in Black Scholes option-pricing model

Average risk-free interest rate

 

 

0.15%

Average expected life-years

 

 

1.5

 

Expected volatility

 

 

238.97%

Expected dividends

 

 

0%
Schedule of Share-based Compensation, Warrant Options

 

 

 

 

 

 

 

 

 

 

 

 

Number of

Warrants

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Life (Years)

 

 

 

 

 

 

 

 

 

 

 

 Outstanding at December 31, 2019

 

6,909,000

 

 

 0.15

 

 

1.69

 

     Granted

 

 -

 

 

 -

 

 

 -

 

     Extended

 

 -

 

 

 -

 

 

 -

 

     Exercised

 

 -

 

 

 -

 

 

 -

 

     Forfeited/expired

 

 -

 

 

 -

 

 

 -

 

Outstanding at December 31, 2020

 

 

6,909,000

 

 

$0.15

 

 

 

0.68

 

Granted

 

 

-

 

 

 

-

 

 

 

-

 

Extended

 

 

6,909,000

 

 

 

0.15

 

 

 

1.5

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited/expired

 

 

(6,909,000 )

 

 

0.15

 

 

 

-

 

Outstanding at December 31, 2021

 

 

6,909,000

 

 

$0.15

 

 

 

1.18

 

Exercisable at December 31, 2021

 

 

6,909,000

 

 

$0.15

 

 

 

1.18