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DERIVATIVE LIABILITIES (Tables)
12 Months Ended
Dec. 31, 2021
DERIVATIVE LIABILITIES  
Schedule of estimated fair values of the liabilities measured on a recurring basis

 

 

Year Ended

 

 

Year ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Expected term

 

0.02- 0.51 years

 

 

0.01- 0.51 years

 

Expected average volatility

 

128% - 315%

 

 

117% - 317%

 

Expected dividend yield

 

 

-

 

 

 

-

 

Risk-free interest rate

 

0.03% - 0.07%

 

 

0.05% - 0.19%

 

Summarizes the changes in the derivative liabilities

Balance - December 31, 2019

 

$464,024

 

 

 

 

 

 

Addition of new derivatives recognized as debt discounts

 

 

107,000

 

Addition of new derivatives recognized as options compensation

 

 

-

 

Addition of new derivatives recognized as loss on derivatives

 

 

132,593

 

Settled on issuance of common stock

 

 

(106,167)

Reclassification from APIC to derivative due to tainted instruments

 

 

-

 

Loss on change in fair value of the derivative

 

 

229,669

 

Balance - December 31, 2020

 

$827,119

 

 

 

 

 

 

Addition of new derivatives recognized as debt discounts

 

 

205,000

 

Addition of new derivatives recognized as loss on derivatives

 

 

153,697

 

Settled on issuance of common stock

 

 

(565,296)

(Gain) on change in fair value of the derivative

 

 

(63,478)

Balance - December 31, 2021

 

$557,042

 

Schedule of (gain) loss on derivatives

 

 

Years ended

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Day one loss due to derivative liabilities on convertible notes

 

$153,697

 

 

$132,593

 

(Gain) loss on change in fair value of the derivative liabilities

 

 

(63,478)

 

 

229,669

 

 

 

$90,219

 

 

$362,262