Derivative Instrument (Tables)

9 Months Ended

Sep. 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		438,691
Fair Value, September 30, 2020	$	822,543

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 September 30, 2020 and December 31, 2019 as follows:

					Fair Value Measurements at September 30, 2020 Using Fair Value Hierarchy
Description	Total		Level 1		Level 2		Level 3
Derivative liability	$	822,543	$	-	$	-	$	822,543
Total	$	822,543	$	-	$	-	$	822,543

					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