DERIVATIVE AND PREFERRED STOCK LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Summary of changes in the fair value of the Company's Level 3 financial liabilities

	September 30, 2019			December 31, 2018
Balance at the beginning of period	$	322,976		$	—
Original discount limited to proceeds of notes		540,750			100,000
Fair value of derivative liabilities in excess of notes proceeds received		1,653,887			247,033
Settlement of derivative instruments		(2,447,147	)		—
Change in fair value of embedded conversion option		5,467,732			(24,057	)
Balance at the end of the period	$	5,538,198		$	322,976

Assumptions used in the calculations for fair value of derivative liabilities

	Expected Volatility	Risk-free Interest Rate	Expected Dividend Yield			Expected Life (in years)
At issuance	128-394%	1.60-2.51%		0	%	0.49-5.00
At September 30, 2019	225-480%	1.55-1.91%		0	%	0.06-4.95

Assumptions used in the calculations for fair value of preferred stock liabilities

	Expected Volatility	Risk-free Interest Rate	Expected Dividend Yield			Expected Life (in years)
At April 12, 2019	170%	2.36%		0	%	3.00