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Fair Value (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value (Tables)  
Schedule of valuation of company's derivatives using quoted prices

 

Quoted Prices

 

In Active

 

Significant

 

Markets for

 

Other

 

Significant

 

Identical

 

Observable

 

Unobservable

 

Liabilities

 

Inputs

 

Inputs

 

Total

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

Accrued compensation - common stock

 

$

38,229

 

$

-

 

$

-

 

$

38,229

 

Accrued compensation - warrants

 

6,926

 

-

 

-

 

6,926

 

Accrued interest - warrants

 

65,592

 

-

 

-

 

65,592

 

Accrued interest - warrants - related party

 

126,350

 

-

 

-

 

126,350

 

Balance - March 31, 2020

 

$

237,097

 

$

-

 

$

-

 

$

237,097

 

Accrued compensation - common stock

 

$

40,021

 

$

-

 

$

-

 

$

40,021

 

Accrued compensation - warrants

 

17,931

 

-

 

-

 

17,931

 

Accrued interest - warrants

 

57,343

 

-

 

-

 

57,343

 

Accrued interest - warrants - related party

 

115,932

 

-

 

-

 

115,932

 

Derivative liabilities

 

351,900

 

-

 

-

 

351,900

 

Balance - December 31, 2019

 

$

583,127

 

$

-

 

$

-

 

$

583,127

Schedule of valuation of Level 3 liabilities

 

 For the Three Months Ended

 

 March 31,

 

2020

 

2019

 

Risk-free interest rate

 

0.33% - 1.55

%

 

2.21% - 2.44

%

Expected term (years)

 

0.52 - 5.00

 

0.02 - 5.00

 

Expected volatility

 

110

%

 

110

%

Expected dividends

 

0.00

%

 

0.00

%

Schedule of changes in fair value of liabilities measured at fair value on a recurring basis

 

Accrued

 

Accrued

 

Derivative

 

Interest

 

Compensation

 

Liability

 

Total

 

Balance - December 31, 2019

 

$

173,275

 

$

57,952

 

$

351,900

 

$

583,127

 

Accrued compensation - common stock

 

-

 

4,626

 

-

 

4,626

 

Accrued interest - common stock

 

56,875

 

-

 

-

 

56,875

 

Accrued interest - warrants

 

8,571

 

-

 

-

 

8,571

 

Accrued interest - warrants - related party

 

11,243

 

-

 

-

 

11,243

 

Change in fair value

 

(1,147

)

 

(128

)

 

(16,977

)

 

(18,252

)

Issuance of warrants

 

-

 

(10,877

)

 

10,907

 

30

 

Issuance of common stock

 

(56,875

)

 

(6,418

)

 

-

 

(63,293

)

Reclassification of derivative liabilities to equity

 

-

 

-

 

(345,830

)

 

(345,830

)

 

Balance - March 31, 2020

 

$

191,942

 

$

45,155

 

$

-

 

$

237,097