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Summary of Significant Accounting Policies (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Accounting Policies [Abstract]    
Summary of Changes in Fair Value of Derivative Liabilities

The table below sets forth a summary of the changes in the fair value of the Company’s derivative liabilities classified as Level 3 as of March 31, 2021 and 2020:

 

    March 31, 2021
Conversion Feature
    March 31, 2020
Conversion Feature
 
Balance at January 1, 2021 and 2020   $ 777,024     $ 540,517  
New derivative liability     -       870,268  
Reclassification to additional paid in capital from conversion of debt to common stock     (144,585 )     (368,811 )
Change in fair value     536,345       736,298  
                 
Balance at March 31, 2021 and 2020   $ 1,168,784     $ 1,778,272  

The table below sets forth a summary of the changes in the fair value of the Company’s derivative liabilities classified as Level 3 as of December 31, 2020 and 2019:

 

    December 31, 2020
Conversion Feature
    December 31, 2019
Conversion Feature
 
Balance at beginning of the year ended   $ 540,517     $ -  
New derivative liability     870,268       732,160  
Reclassification to additional paid in capital from conversion of debt to common stock     (678,812 )     -  
Change in fair value     45,051       (191,643 )
                 
Balance at the end of the year ended   $ 777,024     $ 540,517  

Summary of Estimate Fair Value of Derivative Liabilities

The Company used the following assumptions to estimate fair value of the derivatives as of March 31, 2021 and 2020:

 

    March 31, 2021 Key Assumptions for fair value of conversions     March 31, 2020 Key Assumptions for fair value of conversions  
Risk free interest     0.07% to 0.12 %     0.23% to 2.26 %
Market price of share   $ 0.36     $ 0.17  
Life of instrument in years     1.06 – 1.35       2.06 - 2.35  
Volatility     148.79 %     150.65 %
Dividend yield     0 %     0 %

The Company used the following assumptions to estimate fair value of the derivatives as of December 31, 2020 and 2019:

 

    December 31, 2020
Key Assumptions
for fair value of conversions
    December 31, 2019
Key Assumptions
for fair value of conversions
 
Risk free interest     0.12 %        
Market price of share   $ 0.22     $ 0.21-0.23  
Life of instrument in years     1.31 – 1.60       2.51  
Volatility     147.4- 151.8 %     220.7-225.8 %
Dividend yield     0 %     0 %

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following number of shares have been excluded from diluted loss since such inclusion would be anti-dilutive:

 

    Three Months Ended March 31,  
    2021     2020  
             
Convertible notes     35,388,901       12,084,300  
Stock options     3,941,301       6,135,284  
Warrants     20,737,500       15,237,500  
Potentially dilutive securities     60,067,702       33,457,084  

The following number of shares have been excluded from diluted loss since such inclusion would be anti-dilutive:

 

    Year ended December 31,  
    2020     2019  
             
Convertible notes     20,237,084       10,000,000  
Stock options     3,941,301       6,145,044  
Warrants     18,702,500       19,515,787  
Potentially dilutive securities     42,880,885       35,660,831