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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 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 December 31, 2021 and 2020:

 

   December 31, 2021
Conversion Feature
   December 31, 2020
Conversion Feature
 
Balance at beginning of the year ended  $777,024   $540,517 
New derivative liability   -    870,268 
Reclassification to additional paid in capital from conversion of debt to common stock   (144,585)   (678,812)
Change in fair value   (292,149)   45,051 
           
Balance at the end of the year ended  $340,290   $777,024 
SUMMARY OF ESTIMATE FAIR VALUE OF DERIVATIVE LIABILITIES

 

   December 31, 2021    December 31, 2020  
Risk free interest   0.3%   0.12%
Market price of share  $0.17   $0.22 
Life of instrument in years   0.31    1.311.60 
Volatility   140%    147.4- 151.8%
Dividend yield   0%   0%
SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE

 

   Year ended December 31, 
   2021   2020 
         
Convertible notes   69,544,900    20,237,084 
Stock options   16,592,620    3,941,301 
Warrants   53,314,424    18,702,500 
Potentially dilutive securities   139,451,944    42,880,885