Annual report pursuant to Section 13 and 15(d)

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

v3.22.1
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2020
Investments, All Other Investments [Abstract]  
SCHEDULE OF DERIVATIVE LIABILITIES

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

 

Balance, December 31, 2019   $ 24,509  
Additions     236,611  
Fair value adjustments     (77,322 )
As of December 31, 2020   $ 183,798  
SCHEDULE OF DERIVATIVE LIABILITY OF FAIR VALUE ASSUMPTION

 

    December 31, 2020  
Risk-free interest rate     1.58% - 2.27 %
Expected life     1.4 - 2.1 years  
Expected dividend rate     0 %
Expected volatility     208% - 240 %