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DERIVATIVE INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2019
Derivative Instruments Tables  
Schedule of Changes in Level 3 Financial Liabilities

The following table provides a summary of changes in fair value of the Company’s Level 3 financial liabilities as of December 31, 2019 and 2018:

 

 

 

 

 

Total

 

Balance, December 31, 2017

 

 

 

 

$                  363.680

 

Recognition of derivative liabilities upon initial valuation

 

 

 

 

92,404

 

Change in fair value of derivative liabilities

 

 

 

 

(171,227)

 

Conversions of derivative liabilities into equity instruments

 

 

 

 

-

 

Balance, December 31, 2018

 

 

 

 

284,857

 

Recognition of derivative liabilities upon initial valuation

 

 

 

 

86,328

 

Change in fair value of derivative liabilities

 

 

 

 

383,743

 

Declassification of derivative liability

 

 

 

 

(754,928)

 

Balance, December 31, 2019

 

 

 

 

$                              -

Schedule of Liabilities Measured at Fair Value on Recurring Basis

Liabilities measured at fair value on a recurring basis are summarized for the years ended December 31, 2019 and 2018 as follows:

 

2019: 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

Derivative Liabilities

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

Total – December 31, 2019

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-


2018: 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

Derivative Liabilities

 

 

-

 

 

 

-

 

 

 

284,857

 

 

 

284,857

Total – December 31, 2018

 

$

-

 

 

$

-

 

 

$

284,857

 

 

$

284,857