General form of registration statement for all companies including face-amount certificate companies

Derivative Liabilities (Tables)

v3.20.4
Derivative Liabilities (Tables)
12 Months Ended
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Conversion Feature Derivative Liability
    Conversion feature
derivative liability
 
Balance at January 1, 2019     -  
Derivative liability     65,000  
Change in fair value included in earnings     36,925  
Balance at March 31, 2019   $ 101,925  
Change in fair value included in earnings     32,752  
Derivative liability reversed     (134,677 )
Balance at December 31, 2019   $ -  
Schedule of Assumptions for Fair Value of Convertible Instruments Granted Under Black-scholes Option Pricing Model

The Company used the following assumptions for determining the fair value of the convertible instruments granted under the Black-Scholes option pricing model:

 

    December 31, 2019  
Expected volatility     328 %
Expected term - years     0.79  
Risk-free interest rate     2.57 %
Expected dividend yield     - %