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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2021
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 September 30, 2021 and 2020:

 

   September 30, 2021
Conversion Feature
   September 30, 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)   (573,811)
Change in fair value   (239,278)   (60,504)
Balance at September 30, 2021 and 2020  $393,161   $776,470 
SUMMARY OF ESTIMATE FAIR VALUE OF DERIVATIVE LIABILITIES

 

   

Sept. 30, 2021

Key Assumptions for fair value of conversions

   

Sept. 30, 2020

Key Assumptions for fair value of conversions

 
Risk free interest     0.05 %     0.13 %
Market price of share   $ 0.14     $ 0.18  
Life of instrument in years     0.56 - 0.85       1.56 -1.85  
Volatility     108.96 %     150.77 %
Dividend yield     0 %     0 %
SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE

 

   Three and Nine Months Ended Sept. 30, 
   2021   2020 
         
Convertible notes   41,522,204    20,237,084 
Stock options   16,594,062    6,130,004 
Warrants   42,737,500    18,152,500 
Potentially dilutive securities   100,853,766    44,519,588