Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Liability

The derivative liability, as it relates to the instrument, is shown in the following table:

Fair Value, December 31, 2019	$	383,852
Change in value of derivative liability		1,631,980
Fair Value, June 30, 2020	$	2,015,832

Schedule of Fair Value Assumptions of Derivative Liability

The derivative liability was valued using the Black-Scholes method with the following inputs:

Expected life	9 months
Stock price volatility	245	%
Annual risk-free interest rate	2.63	%
Expected dividends	None

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis were presented on the Company’s consolidated balance sheet as of June 30, 2020 and December 31, 2019 as follows:

					Fair Value Measurements at June 30, 2020 Using Fair Value Hierarchy
Description	Total		Level 1		Level 2		Level 3
Derivative liability	$	2,015,832	$	-	$	-	$	2,015,832
Total	$	2,015,832	$	-	$	-	$	2,015,832

					Fair Value Measurements at December 31, 2019
					Using Fair Value Hierarchy
Description	Total		Level 1		Level 2		Level 3
Derivative liability	$	383,852	$	-	$	-	$	383,852
Total	$	383,852	$	-	$	-	$	383,852