Derivative Liability (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2020:

Stock price	$	0.017
Risk free rate		0.18	%
Volatility		680	%
Conversion/ Exercise price	$	.011-.012
Dividend rate		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, 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		(1,167,152	)
Change in derivative liability during the period		1,040,371
Derivative liability balance, June 30, 2020	$	4,810,131