Derivative liability (Tables)

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Schedule of assumption used in Black Scholes

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

	Year ended December 31, 2019
Calculated stock price		$0.05 to $0.09
Risk free interest rate		1.43% to 2.56%
Expected life of convertible notes and warrants		3 to 60 months
expected volatility of underlying stock		102.3% to 687.3%
Expected dividend rate		0	%

Schedule of derivative liability

The movement in derivative liability is as follows:

	December 31, 2019		December 31, 2018
Opening balance	$	4,618,080	$	2,859,832
Derivative liability on issued convertible notes and variable priced warrants		1,477,163		1,335,709
Fair value adjustments to derivative liability		2,599,029		422,539
Closing balance	$	8,694,272	$	4,618,080