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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2020
Accounting Policies [Abstract]  
Schedule of estimated lives of property and equipment

Depreciation of property and equipment is provided using the straight-line method for substantially all assets with estimated lives as follows:

 

Furniture 7 years
Computers and equipment 3 years
POSA machines 3 years
Schedule of Fair Value Measurements

At September 30, 2020 and December 31, 2019, the Company identified the following liabilities that are required to be presented on the balance sheet at fair value:

 

    Fair Value     Fair Value Measurements at  
    As of     September 30, 2020  
    September 30,     Using Fair Value Hierarchy  
Description   2020     Level 1     Level 2     Level 3  
Marketable equity security - Surge Holdings, Inc.   $ 500,500     $   -     $ 500,500     $    -  
                                 
Conversion feature on convertible notes   $ 3,197,367     $ -     $ 3,197,367     $ -  

 

    Fair Value     Fair Value Measurements at  
    As of     December 31, 2019  
    December 31,     Using Fair Value Hierarchy  
Description   2019     Level 1     Level 2     Level 3  
Marketable equity security - Surge Holdings, Inc.   $ 1,000,000     $ -     $ 1,000,000     $ -  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following potentially-dilutive shares were excluded from the shares used to calculate diluted earnings per share as their inclusion would be anti-dilutive.

 

    September 30,     December 31,  
    2020     2019  
Series B preferred stock     30       30  
Series C preferred stock     8       8  
Series H preferred stock     1,000,000       1,000,000  
Warrants     19,650,167       19,654,167  
Convertible notes     530,418,839       1,100,000  
Total     551,069,044       21,754,205