DERIVATIVE LIABILITY (Details Narrative) - USD ($) |
3 Months Ended | |||
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Mar. 31, 2022 |
Mar. 31, 2021 |
Dec. 31, 2021 |
Sep. 28, 2021 |
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Risk-free interest rate | 0.05% | |||
Expected volatility rate | 120.00% | |||
OID percentage | 18.00% | |||
Proceeds from financing transition | $ 2,500,000 | |||
Debt face amount | 3,048,781 | |||
Change in fair value of derivative liability | (340,000) | $ 0 | ||
Derivative liabilites | $ 1,380,000 | $ 1,040,000 | $ 980,000 | |
Minimum [Member] | ||||
Risk-free interest rate | 0.78% | |||
Expected volatility rate | 191.00% | |||
Expected life | 4 months | |||
Maximum [Member] | ||||
Risk-free interest rate | 1.52% | |||
Expected volatility rate | 192.00% | |||
Expected life | 6 months |
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Expected term of award under share-based payment arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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