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DERIVATIVE LIABILITIES (Tables)
9 Months Ended
Sep. 30, 2019
DERIVATIVE LIABILITIES  
Schedule of estimated fair values of the liabilities measured on a recurring basis

 

 

Nine Months Ended

 

Year ended

 

September 30,

 

December 31,

 

2019

 

2018

 

Expected term

 

0.47 - 1.43 years

 

1.22 - 2.01 years

 

Expected average volatility

 

229% - 320%

 

265% - 309%

 

Expected dividend yield

 

-

 

-

 

Risk-free interest rate

 

1.75% - 2.40%

 

2.27% - 2.88%

 

Schedule of changes in the derivative liabilities

 

Fair Value Measurements Using Significant Observable Inputs (Level 3)

 

Balance - December 31, 2018

 

$

662,038

 

Gain on change in fair value of the derivative

 

(155,080

)

Balance - September 30, 2019

 

$

506,958

 

Schedule of (gain) loss on derivatives

 

 

Nine Months Ended

 

September 30,

 

2019

 

2018

 

Day one loss due to derivative liabilities on convertible notes

 

$

-

 

$

404,339

 

(Gain) loss on change in fair value of the derivative liabilities

 

(155,080

)

 

3,560

 

$

(155,080

)

 

$

407,899