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ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2021
ACCOUNTING POLICIES  
Schedule Of Derivative Liabilities at Fair Value

 

 

December 31, 2021 Fair Value Measurements

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total Fair

Value

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Liabilities

 

$

 

 

$-

 

 

$532,384

 

 

$532,384

 

Total

 

$

 

 

$-

 

 

$532,384

 

 

$532,384

 

 

 

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

 

Derivative liability as of December 30, 2020

 

$1,005,617

 

Loss on derivative and interest on conversion

 

 

2,944,750

 

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

 

 

(2,958,547)

        Change in derivative liability during the period

 

 

 (399,342

)

   Reclass to accrued loss contingency

 

 

 (60,094

)

Balance at December 31, 2021

 

$532,384

 

Schedule of Estimated Lives of Property and Equipment

Equipment, Furniture and fixtures

5-7 years

Software

16-60 months

Vehicles

7 years

Schedule of Measurement Inputs used to Determine Fair Value of Derivative Liabilities

 

2021

Derivative Liability

 

2020

Derivative Liability

Expected term

1 year

 

1 year to 2.5 years

Exercise price

$0.00012 - $0.0014

 

$0.0004 - $0.001

Expected volatility

198% - 288%

 

270% - 279%

Expected dividends

None

 

None

Risk-free rate

0.07 % to 0.39%

 

0.10 % to 0.12%