Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE LIABILITY (Tables)

v3.20.2
DERIVATIVE LIABILITY (Tables)
6 Months Ended
Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of assumptions were used in the Black-Scholes valuation model
    Six months
ended
June 30,
2020
    Year ended
December 31,
2019
 
Conversion price*   $ 0.016 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 9 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 %
Schedule of movement in derivative liability
   

June 30,

 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     (278,611 )     (1,981,938 )
    $ 923,215     $ 905,576