Convertible Notes

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

CONVERTIBLE NOTES

NOTE 5 - CONVERTIBLE NOTES

 The following table summarizes the convertible notes and related activity as of December 31, 2019:

Note Holder	Date	Maturity Date	Interest			Balance December 31, 2018			Additions		Conversions			Balance December 31, 2019
PowerUp Lending Group LTD	7/9/18	7/9/19		12	%	$	45,000		$	-	$	(45,000	)	$	-
LG Capital Funding LLC	8/30/18	8/30/2019		10	%		32,000			-		(32,000	)		-
ONE44 Capital LLC	1/23/2019	1/23/2020		12	%		-			100,000		(100,000	)		-
Odyssey Capital Funding, LLC	5/3/2019	5/3/2020		12	%		-			100,000		(65,000	)		35,000
Armada Investment Fund LLC	5/30/2019	2/29/2020		12	%		-			36,750		(15,900	)		20,850
BHP Capital NY Inc.	5/30/2019	2/29/2020		12	%		-			36,750		(29,356	)		7,394
Jefferson Street Capital LLC	5/30/2019	2/29/2020		12	%		-			36,750		(23,000	)		13,750
Armada Investment Fund LLC	10/4/2019	7/4/2020		12	%		-			55,000		-			55,000
BHP Capital NY Inc.	10/4/2019	7/4/2020		12	%		-			55,000		-			55,000
Jefferson Street Capital LLC	10/4/2019	7/4/2020		12	%		-			55,000		-			55,000
				Total		$	77,000		$	475,250	$	(420,256	)	$	241,994
		Less debt discount					(33,759	)							(164,998	)
						$	43,241							$	76,996

A summary of the activity of the derivative liability for the notes above is as follows: 

Balance at December 31, 2017	$	-
Increase to derivative due to new issuances		89,020
Derivative loss due to mark to market adjustment		7,090
Balance at December 31, 2018		96,110
Increase to derivative due to new issuances		1,955,295
Decrease to derivative due to conversion		(979,290	)
Derivative loss due to mark to market adjustment		(445,284	)
Balance at December 31, 2019	$	626,831

A summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company’s derivative liability that are categorized within Level 3 of the fair value hierarchy for the year ended December 31, 2019 is as follows:

Inputs	December 31, 2019			Initial Valuation
Stock price	$	.0123		$	.55 - .0245
Conversion price	$	.0041		$	.244 - .0055
Volatility (annual)		217.34 – 363.34	%		261.04% - 410.61	%
Risk-free rate		1.57% - 1.88	%		1.62% - 2.58	%
Dividend rate		-			-
Years to maturity		.32 - .51			.75 - 1

A summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company’s derivative liability that are categorized within Level 3 of the fair value hierarchy at the time of conversion is as follows:

Inputs
Stock price (1)	$	.01 - .051
Conversion price (2)	$	.0039 - .026
Volatility (annual)		238.73 – 558.68
Risk-free rate		1.54% - 2.39
Dividend rate		-
Years to maturity		.17 - .63

(1) Company used the average of the stock prices of the dates of conversion.

(2) Company used the average of the stock prices applicable to the conversion terms.

The development and determination of the unobservable inputs for Level 3 fair value measurements and fair value calculations are the responsibility of the Company’s management.