Quarterly report pursuant to Section 13 or 15(d)

Derivative Financial Instruments (Tables)

Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value Assumptions Related to Option Issued

The range of fair value assumptions used for derivative financial instruments during the nine-months ended September 30, 2020, were as follows:

Dividend yield	0.0	%
Risk-free rate	0.12% - 1.43	%
Volatility	162% - 190	%
Expected term	1 year

The following table presents the three-level hierarchy prescribed by U.S. GAAP for derivative liabilities since it is a liability that is measured and recognized at fair value on a recurring basis as of:

	Level 1		Level 2		Level 3		Change in fair value

December 31, 2019	$	-	$	-	$	827,314	$	(356,314	)
September 30, 2020	$	-	$	-	$	649,417	$	(191,545	)

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

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+ Details