DERIVATIVE LIABILITY

3 Months Ended

12 Months Ended

Mar. 31, 2020

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE LIABILITY

9 DERIVATIVE LIABILITY

Certain of the short-term convertible notes disclosed in note 8 above, have variable priced conversion rights with no fixed floor price and will re-price dependent on the share price performance over varying periods of time, due to the variable priced conversion rights, all convertible notes and any warrants attached thereto, issued subsequent to the variable priced conversion notes are valued and give rise to a derivative financial liability, which was initially valued at inception of the convertible notes using a Black-Scholes valuation model.

During the three months ended March 31, 2020, an additional $296,250 was raised as a derivative liability on variably priced convertible notes.

The value of this derivative financial liability was re-assessed at March 31, 2020 and December 31, 2019, and $102,121 and $1,981,938 was credited to the statement of operations and comprehensive loss, respectively. The value of the derivative liability will be re-assessed at each financial reporting period, with any movement thereon recorded in the statement of operations in the period in which it is incurred.

The following assumptions were used in the Black-Scholes valuation model:

	Three months ended March 31, 2020			Year ended December 31, 2019
Conversion price*	$	0.02 to 2.00		$	0.02 to 2.00
Risk free interest rate		0.11 to 1.53	%		1.53 to 2.59	%
Expected life of derivative liability		1 to 12 months			1 to 12 months
Expected volatility of underlying stock		219.1 to 222.6	%		148.5 to 224.3	%
Expected dividend rate		0	%		0	%

The movement in derivative liability is as follows:

	March 31, 2020			December 31, 2019
Opening balance	$	905,576		$	1,833,672
Derivative financial liability arising from convertible note		296,250			1,053,842
Fair value adjustment to derivative liability		(102,121	)		(1,981,938	)
	$	1,099,705		$	905,576

9 DERIVATIVE LIABILITY

Certain of the short-term convertible notes disclosed in note 8 above and note 14 below, have variable priced conversion rights with no fixed floor price and will re-price dependent on the share price performance over varying periods of time, due to the variable priced conversion rights, all convertible notes and any warrants attached thereto, issued subsequent to the variable priced conversion notes are valued and give rise to a derivative financial liability, which was initially valued at inception of the convertible notes using a Black-Scholes valuation model. The value of this derivative financial liability was re-assessed at December 31, 2019 and 2018, and $1,981,938 and $4,129,793 was credited to the statement of operations and comprehensive loss, respectively. The value of the derivative liability will be re-assessed at each financial reporting period, with any movement thereon recorded in the statement of operations in the period in which it is incurred.

The following assumptions were used in the Black-Scholes valuation model:

	Year ended December 31, 2019			Year ended December 31, 2018
Conversion price*	$	0.02 to 2.00		$	0.20 to 2.50
Risk free interest rate		1.53 to 2.59	%		1.78 to 2.81	%
Expected life of derivative liability		1 to 12 months			3 to 12 months
Expected volatility of underlying stock		148.5 to 224.3	%		169.15 to 230.55	%
Expected dividend rate		0	%		0	%

* Adjusted for 10 for 1 reverse stock split effective November 1, 2019.

The movement in derivative liability is as follows:

	December 31,  2019			December 31, 2018
Opening balance	$	1,833,672		$	3,277,621
Derivative financial liability arising from convertible note		1,053,842			2,685,844
Fair value adjustment to derivative liability		(1,981,938	)		(4,129,793	)
	$	905,576		$	1,833,672