DERIVATIVE LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivative liability activity

The following table represents the Company’s derivative liability activity for the embedded conversion features for the year ended June 30, 2020:

	Notes			Warrants		Stock Payable		Total
Balance, beginning of period	$	1,631,390		$	3,804	$	1,533,605	$	3,168,799
Initial recognition of derivative liability		34,483,302			—		—		34,483,302
Derivative settlements		(2,631,259	)		—		—		(2,631,259	)
Loss (gain) on derivative liability valuation		(32,410,107	)		23,550		195,901		(32,190,656	)
Balance, end of period	$	1,073,326		$	27,354	$	1,729,506	$	2,830,186

Convertible Notes

The fair value at the commitment date for the convertible notes and the revaluation dates for the Company’s derivative liabilities were based upon the following management assumptions as of June 30, 2020:

	Valuation data
Expected dividends	0%
Expected volatility	347%-1,033.64%
Expected term	.09 – 1 year
Risk free interest	.13%-.18%

Warrants

The fair value at the valuation dates were based upon the following management assumptions:

	Valuation data
Expected dividends	0%
Expected volatility	495.34%-499.25%
Expected term	3.51 – 4.28 years
Risk free interest	.18%-.24%

Stock Payable

The fair value at the valuation dates were based upon the following management assumptions:

	Valuation data
Expected dividends	0%
Expected volatility	761.16%
Expected term	1 year
Risk free interest	.16%