Derivative Liability (Tables)

6 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Assumptions to measure fair value

The Company uses a weighted average Black-Scholes-Merton option pricing model with the following assumptions to measure the fair value of derivative liability at June 30, 2019 and December 31, 2018:

	June 30,			December 31,
	2019			2018
Stock price	$	0.168		$	0.32
Risk free rate		1.92	%		2.63	%
Volatility		140	%		150	%
Conversion/ Exercise price	$	0.008		$	0.21 to 0.25
Dividend rate		0	%		0	%

Schedule of Derivative Liabilities at Fair Value

The following table represents the Company’s derivative liability activity for the six months ended June 30, 2019:

Derivative liability balance, December 31, 2018	$	3,833,506
Issuance of derivative liability during the period		5,721,939
Fair value of beneficial conversion feature of debt converted		(2,264,578	)
Change in derivative liability during the period		101,890,733
Derivative liability balance, June 30, 2019	$	109,181,600