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STOCKHOLDERS’ EQUITY (DEFICIT) (Tables)
9 Months Ended
Sep. 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   2,506,315    $ 0.001-2.00    -         $  
Warrants exercised/exchanged   (451,205)  $-    -         $  
Warrants expired/cancelled   (419,127)  $-    -         $  
                          
Balance at September 30, 2021   2,965,255    $ 0.001-2.00     2.89 years    $1,640,226   $0.63 
                          
Exercisable at September 30, 2021   2,418,239    $ 0.001-2.00     3.01 years    $1,149,115   $0.77 
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 nine months ended September 30, 2021 and year ended December 31, 2020:

 

   Nine Months Ended
September 30, 2021
  Year Ended December 31,
2020
Expected term   3 years    - 
Expected volatility   170-240%   - 
Expected dividend yield   -    - 
Risk-free interest rate   2.00%   - 
SUMMARY OF STOCK OPTION

The following represents a summary of options:

 

  

Nine Months Ended

September 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  $3,511,759        $6,267,475      
                     
Weighted Average Remaining Contractual Life (Years)   9.06         9.81