Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Schedule of Fair Value Based on Short - Term Maturity

The carrying amounts reported in the consolidated balance sheets for cash, due from and to related parties, prepaid expenses, accounts payable and accrued liabilities approximate their fair market value based on the short-term maturity of these instruments.

At December 31, 2018

At December 31, 2017

Description

Level 1

Level 2

Level 3

Level 1

Level 2

Level 3

Derivative liabilities

—

—

3,364,032

—

—

11,966,760

Schedule of Roll Forward of Level 3 Valuation Financial Instrument

A roll forward of the level 3 valuation financial instruments is as follows:

	For the Year Ended December 31,
	2018			2017
Balance at beginning of year	$	11,966,760		$	402,055
Initial valuation of derivative liabilities included in debt discount		2,039,143			473,240
Initial valuation of derivative liabilities included in derivative expense		1,811,617			730,700
Reclassification of derivative liabilities to gain on debt extinguishment upon conversion of debt		(422,835	)		(478,645	)
Reclassification of derivative liabilities to gain on debt extinguishment upon cashless exercise of  warrants		(666,756	)		(667,926	)
Reclassification of derivative liabilities to gain on debt extinguishment for debt settlement		(1,323,111	)		—
Change in fair value included in derivative expense		(10,040,786	)		11,507,336
Balance at end of year	$	3,364,032		$	11,966,760

Schedule of Anti-dilutive Shares Outstanding

The following potentially dilutive equity securities outstanding as of December 31, 2018 and 2017 were not included in the computation of dilutive loss per common share because the effect would have been anti-dilutive:

	December 31,
	2018		2017
Stock warrants		143,184,844		153,151,959
Convertible debt		—		140,126,333
Stock options		22,200,000		4,000,000
		165,384,844		297,278,292

Schedule of Reconciliation of Basic and Diluted Net Loss Per Share

The following table presents a reconciliation of basic and diluted net loss per share:

	Years Ended December 31,
	2018			2017
Income (loss) per common share — basic:
Income (loss) from continuing operations	$	6,468,325		$	(14,849,036	)
Loss from discontinued operations		—			(5,664,102	)
Net income (loss)	$	6,468,325		$	(20,513,138	)
Weighted average common shares outstanding — basic		233,858,517			128,916,989
Net income (loss) per common share – basic:
From continuing operations	$	0.03		$	(0.12	)
From discontinued operations		0.00			(0.04	)
Net income (loss) per common share — basic	$	0.03		$	(0.16	)
Income (loss) per common share — diluted:
Income (loss) from continuing operations	$	6,468,325		$	(14,849,036	)
Add: interest on debt		2,130,838			1,153,146
Less: derivative income and debt settlement income		(10,343,503	)		11,232,764
Less: gain on foreign currency transactions		(33,633	)		—
Numerator for loss from continuing operations per common share — diluted		(1,777,973	)		(2,463,126	)
Numerator for loss from discontinuing operations per common share — diluted		—			(5,664,102	)
Net loss per common share – diluted	$	(1,777,973	)	$	(8,127,228	)
Weighted average common shares outstanding — basic		233,858,517			128,916,989
Effect of dilutive securities:
Preferred shares		8,892,000			—
Warrants		45,970,039			—
Convertible notes payable		242,807,089			—
Weighted average common shares outstanding – diluted		531,527,645			128,916,989
Net loss per common share – diluted:
From continuing operations	$	0.00		$	(0.12	)
From discontinued operations		0.00			(0.04	)
Net loss per common share — diluted	$	0.00		$	(0.16	)