SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2019

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of Property and Equipment

Computer equipment	3-5 years
Office furniture and equipment	7 years

Fair Value Measurements, Assets and Liabilities, Recurring Basis

	Total		Level 1		Level 2		Level 3
December 31, 2019:
Derivative liabilities	$	6,160,895	$	-	$	-	$	6,160,895
Total liabilities measured at fair value	$	6,160,895	$	-	$	-	$	6,160,895
December 31, 2018:
Derivative liabilities	$	10,363,105	$	-	$	-	$	10,363,105
Total liabilities measured at fair value	$	10,363,105	$	-	$	-	$	10,363,105

Schedule of Derivative Liabilities at Fair Value

	Convertible			Series B			Stock
	Notes Payable			Preferred Stock			Options			Total
Derivative liabilities at December 31, 2017	$	5,241,762		$	2,831,142		$	-		$	8,072,904
Addition to liability for new issuances		692,500			-			188,127			880,627
Elimination of liability on conversion to common shares		(8,209	)		-			-			(8,209	)
Change in fair value		1,883,001			(491,244	)		26,026			1,417,783
Derivative liabilities at December 31, 2018		7,809,054			2,339,898			214,153			10,363,105
Addition to liability for new issuances		617,000			-			-			617,000
Elimination of liability on conversion to common shares		(195,042	)		-			-			(195,042	)
Change in fair value		(4,624,818	)		195,461			(194,811	)		(4,624,168	)
Derivative liabilities at December 31, 2019	$	3,606,194		$	2,535,359		$	19,342		$	6,160,895

Schedule of weighted average number of shares

	Years Ended December 31,
	2019		2018
Basic weighted average number of shares		409,956		173,167
Dilutive effect of:
Series B preferred stock		23,933,334		-
Convertible notes payable		140,194,454		-
Diluted weighted average number of shares		164,537,744		176,167