CONVERTIBLE NOTES PAYABLE (Tables)

6 Months Ended

Jun. 30, 2021

Convertible Notes Payable

Schedule of convertible notes payable

Schedule of convertible notes payable
	June 30, 2021			December 31, 2020
Principal value of convertible notes	$	1,409,701		$	1,595,553
Unamortized loan discounts		(2,000	)		(35,750	)
Total convertible notes, net	$	1,407,701		$	1,559,803

The following table sets forth a summary of change in our convertible notes payable for the six months ended June 30, 2021:

Beginning balance, January 1, 2021	$	1,559,803
Amortization of debt discounts		33,750
Issuance of new convertible notes		—
Conversion of principal amounts outstanding into common stock of the Company		(185,852	)
Ending balance June 30, 2021	$	1,407,701

Schedule of fair value of assumptions used

Schedule of fair value of assumptions used
	June 30, 2021			December 31, 2020
Expected dividend yield (1)		0.0	%		0.0	%
Risk-free interest rate (2)		0.05 – 0.07	%		0.09 – 0.17	%
Expected volatility (3)		253.5 – 415.6	%		199.52 – 582.91	%
Expected life (in years)		0.5 – 1.0			0.5 – 1.0

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(1)	The Company has no history or expectation of paying cash dividends on its common stock.
(2)	The risk-free interest rate is based on the U.S. Treasury yield for a term consistent with the expected life of the promissory notes in effect at the time of issuance.
(3)	The volatility of the Company’s common stock is based on trading activity for the previous contractual term ended at each promissory note issuance date.