NOTE 8 - DERIVATIVES

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

NOTE 8 - DERIVATIVES

(8) DERIVATIVES

The following is the Company’s assets and liabilities measured at fair value on a recurring and nonrecurring basis at December 31, 2019 and 2018, using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3):

	2019		2018
Level 3 - Embedded Derivative Liabilities	$	2,740,054	$	201,891

Changes in Level 3 assets measured at fair value for the year ended December 31, 2019 were as follows:

Balance, December 31, 2018	$	201,891
Portion of initial valuation recorded as debt discount		651,817
Change upon conversion or settlement		233,706
Change in fair value of derivative		1,652,640
Balance, December 31, 2019	$	2,740,054