Convertible Notes

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

CONVERTIBLE NOTES

NOTE 6 - CONVERTIBLE NOTES

The following table summarizes the convertible notes and related activity as of September 30, 2020:

Note Holder	Date	Maturity Date	Interest			Balance December 31, 2019			Additions		Conversions/ Repayments			Balance September 30, 2020
Odyssey Capital Funding, LLC	5/3/2019	5/3/2020		12	%		35,000			-		(35,000	)		-
Armada Investment Fund LLC	5/30/2019	2/29/2020		12	%		20,850			-		(20,850	)		-
BHP Capital NY Inc.	5/30/2019	2/29/2020		12	%		7,394			-		(7,394	)		-
Jefferson Street Capital LLC	5/30/2019	2/29/2020		12	%		13,750			-		(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	)		-
Power Up Lending Group LTD	1/27/2020	1/27/2021		12	%		-			168,300		(168,300	)		-
Granite Global Value	3/2/2020	9/2/3021		12	%		-			105,500		(32,937	)		72,563
Power Up Lending Group LTD	5/6/2020	5/6/2021		10	%		-			69,300		-			69,300
Adar Alef, LLC	8/18/2020	8/18/2021		8	%					110,250		-			110,250
				Total		$	241,994		$	453,350	$	(443,231	)	$	252,113
	Less debt discount						(164,998	)							(207,986	)
						$	76,996							$	44,127

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

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
Increase to derivative due to new issuances		686,879
Decrease to derivative due to conversion/repayments		(732,081	)
Derivative loss due to mark to market adjustment		(251,092	)
Balance at September 30, 2020	$	330,537

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 as of September 30, 2020 is as follows:

Inputs	September 30, 2020			Initial Valuation
Stock price	$	.004		$	.0094 - .55
Conversion price	$	.0021 - .0026		$	.003 - .244
Volatility (annual)		192.24 –248.11	%		261.04% - 410.61	%
Risk-free rate		.11% - .12	%		.89% - 2.58	%
Dividend rate		-			-
Years to maturity		.60 – .92			.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	$	.0036 - .0059
Conversion price	$	.0026 - .0031
Volatility (annual)		206.91% – 256.65	%
Risk-free rate		.11% - .12	%
Dividend rate		-
Years to maturity		.47 - .96

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