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STOCKHOLDERS’ EQUITY (DEFICIT) (Tables)
6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
SCHEDULE OF COMMON STOCK WARRANTS

The following schedule summarizes the changes in the Company’s common stock warrants:

 

       Weighted       Weighted 
   Warrants Outstanding   Average       Average 
   Number   Exercise   Remaining   Aggregate   Exercise 
   Of   Price   Contractual   Intrinsic   Price 
   Shares   Per Share   Life   Value   Per Share 
                     
Balance at December 31, 2019   1,329,272   $0.001    4.87 years   $-   $0.001 
                          
Warrants granted   -   $-    -        $ 
Warrants exercised   -   $-    -        $ 
Warrants expired/cancelled   -   $-    -        $ 
                          
Balance at December 31, 2020   1,329,272   $0.001    3.87 years   $2,125,506   $0.001 
                          
Warrants granted   1,980,039   $0.001-2.00    -        $ 
Warrants exercised/exchanged   -   $-    -        $ 
Warrants expired/cancelled   (419,127)  $-    -        $ 
                          
Balance at June 30, 2021   2,880,184   $0.001-2.00    2.72 years   $3,414,248   $0.42 
                          
Exercisable at June 30, 2021   2,333,168   $0.001-2.00    2.73 years   $2,594,272   $0.52 
SCHEDULE OF EACH OPTION WARRANT ESTIMATED USING THE BLACK-SCHOLES VALUATION MODEL

Changes to these inputs could produce a significantly higher or lower fair value measurement. The fair value of each option/warrant is estimated using the Black-Scholes valuation model. The following assumptions were used for the three months ended March 31, 2021 and year ended December 31, 2020:

 

   

Six Months

Ended

June 30,

2021

   

Year Ended

December 31,

2020

 
Expected term     3 years        -  
Expected volatility     100-214 %     -  
Expected dividend yield     -       -  
Risk-free interest rate     0.15-0.58 %     -  
SUMMARY OF STOCK OPTION

The following represents a summary of options:

 

  

Six Months Ended

June 30, 2021

  

Year Ended

December 31, 2020

 
   Number   Weighted
Average
Exercise Price
   Number   Weighted
Average
Exercise Price
 
Beginning balance   3,930,000   $0.0052    -   $- 
                     
Granted   -    -    3,930,000    0.0052 
Exercised   -    -    -    - 
Forfeited   -    -    -    - 
Expired   -    -    -    - 
Ending balance   3,930,000   $0.0052    3,930,000   $0.0052 
Intrinsic value of options  $5,874,475        $6,267,475      
                     
Weighted Average Remaining Contractual Life (Years)   9.31         9.81