SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Schedule of carrying and estimated fair values of financial instruments

The carrying amounts and estimated fair values of long-term debt at December 31, 2019 and 2018 are as follows:

	2019				2018
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Convertible promissory notes	$	7,564,173	$	—	$	5,299,923	$	—
Short term notes payable		4,788,016		—		4,788,016		—
Loans payable related party		342,670		—		737,023		—
	$	12,694,859	$	—	$	10,824,962	$	—

Schedule of assumptions for options and warrants

The following table lists the assumptions utilized in applying the Black-Scholes valuation model for options and warrants.

	Year ended December 31,
	2019			2018
Expected volatility		160	%		160	%
Expected life (in years) of options		2			2
Expected life (in years) of warrants		1	/2		1	/2
Risk-free interest rate range, options		1.5	%		1.5	%
Risk-free interest rate range, warrants		1.5	%		1.5	%
Expected dividend yield		0	%		0	%

Schedule of computation of basic loss per common share

The following table sets forth the computation of basic loss per common share:

	Year ended December 31,
	2019			2018
Numerator:
Net income (loss)	$	(3,255,814	)	$	4,829,653
Denominator:
Weighted average common shares		69,161,656			65,362,240
Basic income (loss) per share
attributable to common stockholders	$	(0.05	)	$	0.07