NOTE 8 - DERIVATIVES

3 Months Ended

Mar. 31, 2020

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 March 31, 2020 and December 31, 2019, using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3):

	March 31, 2020		December 31, 2019
Level 3 - Embedded Derivative Liabilities	$	774,965	$	2,740,054

Changes in Level 3 assets measured at fair value for the three months ended March 31, 2020 were as follows:

Balance, December 31, 2019	$	2,740,054
Portion of initial valuation recorded as debt discount		-
Change upon conversion or settlement		(47,153)
Change in fair value of derivative		(1,917,936)
Balance, December 31, 2019	$	774,965