BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2019

Accounting Policies [Abstract]

Financial assets and liabilities carried at fair value measured on a recurring basis

Our financial assets and liabilities carried at fair value measured on a recurring basis as of September 30, 2019, consisted of the following:

	Total fair value at September 30, 2019 $		Quoted prices in active markets (Level 1) $		Significant other observable inputs (Level 2) $		Significant unobservable inputs (Level 3) $
Description:
Derivative liability (1)		5,538,198		—		—		5,538,198
Total		5,538,198		—		—		5,538,198

Our financial assets and liabilities carried at fair value measured on a recurring basis as of December 31, 2018, consisted of the following:

	Total fair value at December 31, 2018 $		Quoted prices in active markets (Level 1) $		Significant other observable inputs (Level 2) $		Significant unobservable inputs (Level 3) $
Description:
Preferred series A stock liability (1)		144,352		—		—		144,352
Derivative liability (1)		322,976		—		—		322,976
Total		467,328		—		—		467,328

(1) The Company has estimated the fair value of these liabilities using the Binomial Model.