Convertible Notes Payable (Tables)

12 Months Ended

Dec. 31, 2020

Issuance of promissory note for accrued expenses

Schedule of convertible notes payable

The following tables set forth the components of the Company’s convertible notes from continuing operations at December 31, 2020 and December 31, 2019:

	December 31, 2020			December 31, 2019
Principal value of convertible notes	$	1,595,553		$	1,515,178
Unamortized loan discounts		(35,750	)		(—	)
Total convertible notes, net	$	1,559,803		$	1,515,178

The following table sets forth a summary of change in our convertible notes payable for the years ended December 31, 2020 and 2019:

Beginning balance, January 1, 2019	$	1,515,178
Issuance of new convertible notes		—
Increase in principal amounts outstanding due to lender adjustments per terms of the note agreements		—
Conversion of principal amounts outstanding into common stock of the Company		(—	)
Ending balance December 31, 2019	$	1,515,178
Issuance of new convertible notes		85,200
Increase in principal amounts outstanding due to lender adjustments per terms of the note agreements		—
Conversion of principal amounts outstanding into common stock of the Company		(4,825	)
Ending balance December 31, 2020	$	1,595,553

Schedule of fair value of assumptions used

The value of the derivative liabilities was determined using the following Black-Scholes methodology:

	For the Years Ended
	December 31, 2020			December 31, 2019
Expected dividend yield (1)		0.00	%		0.00%	%
Risk-free interest rate (2)		0.09-0.17	%		1.57-2.63	%
Expected volatility (3)		199.52-527.04	%		310.09-582.91	%
Expected life (in years)		0.50-1.00			0.50-1.00