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BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2019
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)  
Schedule of antidilutive securities excluded from computation of earnings per share

 

 

Year

Ended

 

Year

Ended

 

December 31,

 

December 31,

 

2019

 

2018

 

Series A Preferred Stock

 

1,355,000,000

 

1,273,750,000

 

Convertible notes

 

603,436,155

 

281,787,716

 

Warrants

 

10,000,000

 

10,000,000

 

Potentially dilutive securities

 

1,968,436,155

 

1,565,537,716

 

Schedule of derivative liabilities at fair value

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Fair value of convertible notes derivative liability – December 31, 2018

 

$

 

$

 

$

2,215,376

 

$

2,215,376

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Fair value of convertible notes derivative liability – December 31, 2019

 

$

 

$

 

$

2,813,150

 

$

2,813,150

 

Changes in the fair value of the Company's Level 3 financial liabilities

 

 

Derivative

Liability

 

Balance, December 31, 2018

 

2,215,376

 

Additions recognized as debt discount

 

1,500,000

 

Derivative liability settlements

 

(1,506,515

)

Mark-to-market at December 31, 2019

 

604,289

 

Balance, December 31, 2019

 

$

2,813,150

 

Net loss for the year included in earnings relating to the liabilities held at December 31, 2019

 

$

604,289