Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE LIABILITY (Tables)

v3.19.2
DERIVATIVE LIABILITY (Tables)
6 Months Ended
Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of assumptions were used in the Black-Scholes valuation model
    Six months ended
June 30,

2019
 
Conversion price   $ 0.004 to 0.20  
Risk free interest rate     1.92 to 2.59 %
Expected life of derivative liability     1 to 16 months  
Expected volatility of underlying stock     173.07 to 174.49 %
Expected dividend rate     0 %
Schedule of movement in derivative liability

The movement in derivative liability is as follows: 

 

    June 30,
2019
    December 31,
2018
 
             
Opening balance   $ 1,833,672     $ 3,277,621  
Derivative financial liability arising from convertible notes     394,393       2,685,845  
Fair value adjustment to derivative liability     (862,413 )     (4,129,793 )
    $ 1,365,652     $ 1,833,672