DERIVATIVE LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

SCHEDULE OF VALUATION ASSUMPTIONS

	Six Months Ended June 30, 2021			Year Ended December 31, 2020
Expected term		1 year			-
Expected volatility		164 - 214	%		-
Expected dividend yield		-			-
Risk-free interest rate		0.15	%		-

SCHEDULE OF DERIVATIVE LIABILITIES

The Company’s derivative liabilities are as follows:

	June 30, 2021		December 31, 2020
Fair value of the GS Capital conversion option	$	280,000	$	-
Fair value of the Platinum Point conversion option		1,024,000		-
Fair value of the Platinum Point warrants (200,000 warrants)		206,000		-
	$	1,510,000	$	-

SCHEDULE OF ACTIVITY RELATED TO DERIVATIVE LIABILITIES

Activity related to the derivative liabilities for the period ended June 30, 2021 is as follows:

Beginning balance as of December 31, 2020	$	-
Issuances of warrants/conversion option – derivative liabilities		313,868
Warrants exchanged for common stock		-
Change in fair value of warrants/conversion option - derivative liabilities		1,196,132
Ending balance as of June 30, 2021	$	1,510,000