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DERIVATIVE INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2021
DERIVATIVE INSTRUMENTS  
Schedule of estimated fair values

 

Year ended

 

Year ended

 

 

December 31,

 

December 31,

 

 

2021

 

2020

 

Expected life in years

 

0.12 - 5 years

 

0.90 - 5 years

 

Stock price volatility

 

135% - 1456

%

 

895% - 1444

Discount rate

 

0.04% - 1.26

%

 

0.10% - 0.39

Expected dividends

 

None

 

None

 

Schedule of change in derivative liabilities

Fair Value Measurements Using Significant Observable Inputs (Level 3)

 

 

 

 

 

Balance - December 31, 2019

 

$143,678

 

 

 

 

 

 

Addition of new derivatives recognized as debt discounts

 

 

192,400

 

Addition of new derivatives recognized as loss on derivatives

 

 

1,404,247

 

Settled upon conversion of debt

 

 

(2,155,269)

Gain on change in fair value of the derivative

 

 

102,776,432

 

Balance - December 31, 2020

 

$102,361,488

 

 

 

 

 

 

Addition of new derivatives recognized as debt discounts

 

 

281,533

 

Addition of new derivatives recognized as loss on derivatives

 

 

356,699

 

Settled upon conversion of debt

 

 

(4,978,926)

Gain on change in fair value of the derivative

 

 

(92,861,546)

Balance - December 31, 2021

 

$5,159,248

 

Schedule of (gain) loss on derivatives

 

 

Year ended

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Addition of new derivatives recognized as loss on derivatives

 

$356,699

 

 

$1,404,247

 

Change in fair value of the derivative

 

 

(92,861,546)

 

 

102,776,432

 

 

 

$(92,504,847)

 

$104,180,679