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NOTE 2. SELECTED ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2021
NOTE 1. DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION  
Schedule of fair value, assets and liabilities

 

 

September 30, 2021

Fair Value Measurements

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total Fair Value

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Liabilities

 

$-

 

 

$-

 

 

$424,048

 

 

$424,048

 

Total

 

$-

 

 

$-

 

 

$424,048

 

 

$424,048

 

 

 

 

December 31, 2020

Fair Value Measurements

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total Fair Value

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Liabilities

 

$-

 

 

$-

 

 

$1,005,617

 

 

$1,005,617

 

Total

 

$-

 

 

$-

 

 

$1,005,617

 

 

$1,005,617

 

Schedule of Derivative Liabilities at Fair Value

Derivative liability as of December 31, 2020

 

$1,005,617

 

Change in derivative liability during the period

 

 

(507,678)

Reclassed to additional paid in capital for notes converted into shares of common stock

 

 

(2,958,547)

Loss on derivative liability on conversion

 

 

2,944,750

 

 

 

 

 

 

Reclass to accrued loss contingency

 

 

(60,094)

Balance at September 30, 2021

 

$424,048

 

Schedule of Assumptions Used

 

 

September 30, 2021

Derivative Liability

 

Expected term

 

1 year

 

Exercise price

 

$0.00028

 

Expected volatility

 

 

198%

Expected dividends

 

None

 

Risk-free rate

 

 

0.09%