Derivative Liability

3 Months Ended

Mar. 31, 2021

Derivative Liability

Note 4 - Derivative Liability

Under the terms of the October 8, 2020, November 18, 2020, February 4, 2021, and March 12, 2021 Convertible Notes, the Company identified derivative instruments arising from embedded conversion features.

The following summarizes the Black-Scholes assumptions used to estimate the fair value of the derivative liability at the dates of issuance and the revaluation dates:

Volatility	187.1-257.3		%
Risk-free interest rate	0.05–0.13		%
Expected life (years)	0.52–1.0
Dividend yield		--

Changes in the derivative liability were as follows:

	Three Months Ended March 31, 2021
	Level 1		Level 2		Level 3			Total
Convertible debt and other derivative liabilities at December 31, 2020	$	--	$	--	$	396,143		$	396,143
Conversions of convertible debt		--		--		(1,233,484	)		(1,233,484	)
Issuance of convertible debt and other derivatives		--		--		383,116			383,116
Change in fair value		--		--		903,588			903,588
Convertible debt and other derivative liabilities at March 31, 2021	$	--	$	--	$	449,363		$	449,363