Derivative Liability (Tables)

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Assumptions to measure fair value

The Company uses a weighted average Black-Scholes option pricing model with the following assumptions to measure the fair value of derivative liability at March 31, 2020:

Stock price	$	0.011
Risk free rate		0.17	%
Volatility		575	%
Conversion/ Exercise price	$	.008-.009
Dividend rate		0	%

Schedule of Derivative Liabilities at Fair Value

The following table represents the Company’s derivative liability activity for the three months ended March 31, 2020:

Derivative liability balance, December 31, 2019	$	-
Issuance of derivative liability during the period		4,936,912
Fair value of beneficial conversion feature of debt converted		(1,021,001	)
Change in derivative liability during the period		1,449,932
Derivative liability balance, March 31, 2020	$	5,365,843