Annual report pursuant to Section 13 and 15(d)

Derivative Financial Instruments (Tables)

v3.21.1
Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2019
Investments, All Other Investments [Abstract]  
Schedule of Derivative Liabilities

A summary of the activity of the derivative liabilities is shown below:

 

Balance, January 1, 2019   $ 37,013  
Fair value adjustments     (12,504 )
As at December 31, 2019   $ 24,509  
Schedule of Derivative Liability of Fair Value Assumption

Expected life was determined based on historical exercise data of the Company.

 

    December 31, 2019  
Risk-free interest rate     1.58% - 2.27 %
Expected life     1.4 - 2.1 years  
Expected dividend rate     0 %
Expected volatility     208% - 240 %