DERIVATIVE LIABILITIES (Tables)

9 Months Ended

Sep. 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 September 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		34,620,749			—		—		34,620,749
Derivative settlements		(3,037,895	)		—		—		(3,037,895	)
Loss (gain) on derivative liability valuation		(31,087,659	)		4,005		196,060		(30,887,594	)
Balance, end of period	$	2,126,585		$	7,809	$	1,729,665	$	3,864,059

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 September 30, 2020:

	Valuation date
Expected dividends	0%
Expected volatility	268.15%-918.39%
Expected term	.09 - 1 year
Risk free interest	.08%-.13%

Warrants 

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

	Valuation date
Expected dividends	0%
Expected volatility	486.59%-510.46%
Expected term	3.26 - 4.02 years
Risk free interest	.13%-.15%

Stock Payable

The payables to be issued in stock are at 100% of the lowest closing market price with a 15 day look back. The fair value at the valuation dates were based upon the following management assumptions:

	Valuation date
Expected dividends	0%
Expected volatility	773.46%
Expected term	1 year
Risk free interest	0.11%