Document and Entity Information
Document and Entity Information | 9 Months Ended |
Sep. 30, 2020 | |
Document and Entity Information [Abstract] | |
Entity Registrant Name | BioSolar Inc |
Entity Central Index Key | 0001371128 |
Amendment Flag | false |
Document Type | S-1 |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | true |
Entity Emerging Growth Company | false |
Entity Incorporation State Country Code | NV |
Condensed Balance Sheets
Condensed Balance Sheets - USD ($) | Sep. 30, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
CURRENT ASSETS | |||
Cash | $ 90,766 | $ 61,794 | $ 82,697 |
Prepaid expenses | 23,640 | 29,956 | 23,107 |
TOTAL CURRENT ASSETS | 114,406 | 91,750 | 105,804 |
PROPERTY AND EQUIPMENT | |||
Machinery and equipment | 37,225 | 37,225 | 37,225 |
Less accumulated depreciation | (31,688) | (30,681) | (26,814) |
NET PROPERTY AND EQUIPMENT | 5,537 | 6,544 | 10,411 |
OTHER ASSETS | |||
Patents, net of amortization of $14,356 and $12,090, respectively | 30,980 | 33,246 | 36,269 |
Deposit | 770 | 770 | 770 |
TOTAL OTHER ASSETS | 31,750 | 34,016 | 37,039 |
TOTAL ASSETS | 151,693 | 132,310 | 153,254 |
CURRENT LIABILITIES | |||
Accounts payable | 939 | 58 | 896 |
Accrued expenses | 972,446 | 830,425 | 641,366 |
Derivative liability | 25,261,322 | 8,919,202 | 14,032,942 |
Convertible promissory notes net of debt discount of $271,816 and $254,896, respectively | 946,008 | 390,987 | 493,287 |
TOTAL CURRENT LIABILITIES | 27,180,715 | 10,140,672 | 15,168,491 |
LONG TERM LIABILITIES | |||
Convertible promissory notes net of debt discount of $0 and $801, respectively | 1,541,880 | 2,207,349 | 1,984,973 |
TOTAL LONG TERM LIABILITIES | 1,541,880 | 2,207,349 | 1,984,973 |
TOTAL LIABILITIES | 28,722,595 | 12,348,021 | 17,153,464 |
SHAREHOLDERS’ DEFICIT | |||
Preferred stock, $0.0001 par value; 10,000,000 authorized shares, none issued and outstanding | |||
Common stock, $0.0001 par value; 3,000,000,000 authorized shares 369,109,960 and 133,912,520 shares issued and outstanding, respectively | 36,910 | 13,391 | 6,064 |
Preferred treasury stock, 1000 and 0 shares outstanding, respectively | |||
Additional paid in capital | 12,916,414 | 12,301,739 | 11,646,932 |
Accumulated deficit | (41,524,226) | (24,530,841) | (28,653,206) |
TOTAL SHAREHOLDERS’ DECIFIT | (28,570,902) | (12,215,711) | (17,000,210) |
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT | $ 151,693 | $ 132,310 | $ 153,254 |
Condensed Balance Sheets (Paren
Condensed Balance Sheets (Parenthetical) - USD ($) | Sep. 30, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Statement of Financial Position [Abstract] | |||
Patents, net of amortization (in Dollars) | $ 14,356 | $ 12,090 | $ 9,067 |
Convertible promissory notes net of debt discount, current (in Dollars) | 271,816 | 254,896 | 265,873 |
Convertible promissory notes net of debt discount, non current (in Dollars) | $ 0 | $ 801 | $ 27 |
Preferred stock par value (in Dollars per share) | $ 0.0001 | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | |||
Preferred stock, shares outstanding | |||
Treasury stock, shares outstanding | 1,000 | 0 | 0 |
Common stock par value (in Dollars per share) | $ 0.0001 | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 3,000,000,000 | 3,000,000,000 | 3,000,000,000 |
Common stock, shares issued | 369,109,960 | 133,912,520 | 60,639,308 |
Common stock, shares outstanding | 369,109,960 | 133,912,520 | 60,639,308 |
Condensed Statements of Operati
Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | |
Income Statement [Abstract] | ||||||
REVENUE | ||||||
OPERATING EXPENSES | ||||||
General and administrative expenses | 122,477 | 103,260 | 341,536 | 327,281 | 428,668 | 423,642 |
Research and development | 34,750 | 60,471 | 118,582 | 180,604 | 264,687 | 239,607 |
Depreciation and amortization | 1,092 | 2,752 | 3,274 | 5,798 | 6,890 | 6,103 |
Loss on abandonment of patents | 30,151 | |||||
TOTAL OPERATING EXPENSES | 158,319 | 166,483 | 463,392 | 513,683 | 700,245 | 699,503 |
LOSS FROM OPERATIONS BEFORE OTHER INCOME (EXPENSES) | (158,319) | (166,483) | (463,392) | (513,683) | (700,245) | (699,503) |
OTHER INCOME/(EXPENSES) | ||||||
Interest income | 57 | 10 | 69 | 27 | 36 | 25 |
Loss on conversion of debt | (385,531) | |||||
Gain (Loss) on change in derivative liability | (15,695,109) | (454,353) | (15,864,120) | 2,911,025 | 5,777,348 | (8,391,061) |
Interest expense | (208,755) | (235,160) | (665,942) | (712,674) | (954,774) | (390,759) |
TOTAL OTHER INCOME (EXPENSES) | (15,903,864) | (689,503) | (16,529,993) | 2,198,378 | 4,822,610 | (9,167,326) |
NET INCOME (LOSS) | $ (16,062,126) | $ (855,986) | $ (16,993,385) | $ 1,684,695 | $ 4,122,365 | $ (9,866,829) |
BASIC EARNINGS (LOSS) PER SHARE | $ (0.06) | $ (0.01) | $ (0.07) | $ 0.03 | $ 0.04 | $ (0.18) |
DILUTED EARNINGS (LOSS) | $ 0.01 | $ (0.18) | ||||
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING | ||||||
BASIC | 283,566,685 | 93,186,368 | 237,924,548 | 63,493,152 | 92,022,751 | 53,667,779 |
DILUTED | 283,566,685 | 93,186,368 | 237,924,548 | 63,493,152 | 679,815,020 | 53,667,779 |
Condensed Statement of Sharehol
Condensed Statement of Shareholders' Deficit (Unaudited) - USD ($) | Preferred Stock | Additional Paid-in Capital | Common Stock | Additional Paid-in Capital | Accumulated Deficit | Total |
Beginning balance at Dec. 31, 2017 | $ 4,149 | $ 11,127,693 | $ (18,786,377) | $ (7,654,535) | ||
Beginning balance, shares at Dec. 31, 2017 | 41,485,051 | |||||
Issuance of common shares for converted promissory notes and accrued interest | $ 1,915 | 519,239 | 521,154 | |||
Issuance of common shares for converted promissory notes and accrued interest, shares | 19,154,257 | |||||
Net Income (Loss) | (9,866,829) | (9,866,829) | ||||
Ending balance at Dec. 31, 2018 | $ 6,064 | 11,646,932 | (28,653,206) | (17,000,210) | ||
Ending balance, shares at Dec. 31, 2018 | 60,639,308 | |||||
Issuance of common shares for converted promissory notes and accrued interest | $ 5,002 | 1,269,040 | 1,274,042 | |||
Issuance of common shares for converted promissory notes and accrued interest, shares | 50,016,700 | |||||
Net Income (Loss) | 1,684,695 | 1,684,695 | ||||
Ending balance at Sep. 30, 2019 | $ 11,066 | 12,915,972 | (26,968,511) | (14,041,473) | ||
Ending balance, shares at Sep. 30, 2019 | 110,656,008 | |||||
Beginning balance at Dec. 31, 2018 | $ 6,064 | 11,646,932 | (28,653,206) | (17,000,210) | ||
Beginning balance, shares at Dec. 31, 2018 | 60,639,308 | |||||
Issuance of common shares for converted promissory notes and accrued interest | $ 7,327 | 654,807 | 662,134 | |||
Issuance of common shares for converted promissory notes and accrued interest, shares | 73,273,212 | |||||
Issuance of preferred shares for services | 20,000 | 20,000 | ||||
Issuance of preferred shares for services, shares | 1,000 | |||||
Redeemption of preferred shares | (20,000) | (20,000) | ||||
Redeemption of preferred shares, shares | (1,000) | |||||
Net Income (Loss) | 4,122,365 | 4,122,365 | ||||
Ending balance at Dec. 31, 2019 | $ 13,391 | 12,301,739 | (24,530,841) | (12,215,711) | ||
Ending balance, shares at Dec. 31, 2019 | 133,912,520 | |||||
Issuance of common shares for converted promissory notes and accrued interest | $ 23,519 | 614,675 | 638,194 | |||
Issuance of common shares for converted promissory notes and accrued interest, shares | 235,197,440 | |||||
Net Income (Loss) | (16,993,385) | (16,993,385) | ||||
Ending balance at Sep. 30, 2020 | $ 36,910 | $ 12,916,414 | $ (41,524,226) | $ (28,570,902) | ||
Ending balance, shares at Sep. 30, 2020 | 369,109,960 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
Net Income (Loss) | $ (16,993,385) | $ 1,684,695 | $ 4,122,365 | $ (9,866,829) |
Adjustment to reconcile net income(loss) to net cash (used in) provided by operating activities | ||||
Depreciation and amortization expense | 3,273 | 5,798 | 6,890 | 6,103 |
(Gain) Loss on net change in derivative liability | 15,864,120 | (2,911,025) | (5,777,348) | 8,391,061 |
Loss on conversion of debt | 385,531 | |||
Amortization of debt discount recognized as interest expense | 461,881 | 500,697 | 673,812 | 142,598 |
Loss on abandonment of patents | 30,151 | |||
(Increase) Decrease in Changes in Assets | ||||
Prepaid expenses | 6,316 | (6,303) | (6,849) | (1,464) |
Increase (Decrease) in Changes in Liabilities | ||||
Accounts payable | 881 | (741) | (838) | (30,949) |
Accrued expenses | 207,886 | 194,259 | 263,565 | 312,819 |
NET CASH USED IN OPERATING ACTIVITIES | (449,028) | (532,620) | (718,403) | (630,979) |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
Purchase of equipment | (5,770) | |||
NET CASH (USED IN) INVESTING ACTIVITIES | (5,770) | |||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
Proceeds from convertible promissory notes | 478,000 | 523,500 | 697,500 | 600,000 |
NET CASH PROVIDED BY FINANCING ACTIVITIES | 478,000 | 523,500 | 697,500 | 600,000 |
NET INCREASE (DECREASE) IN CASH | 28,972 | (9,120) | (20,903) | (36,749) |
CASH, BEGINNING OF PERIOD | 61,794 | 82,697 | 82,697 | 119,446 |
CASH, END OF PERIOD | 90,766 | 73,577 | 61,794 | 82,697 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ||||
Interest paid | 925 | 534 | 979 | 2,262 |
Taxes paid | ||||
SUPPLEMENTAL SCHEDULE OF NON-CASH TRANSACTIONS | ||||
Common stock issued for convertible notes and accrued interest | 638,194 | 1,274,042 | 662,134 | 521,154 |
Preferred stock issued for services and redeemed | ||||
Initial Debt Discount due to derivative | 663,608 | |||
Fair value of initial derivative | $ 478,000 | $ 489,609 |
Basis of Presentation
Basis of Presentation | 9 Months Ended | 12 Months Ended |
Sep. 30, 2020 | Dec. 31, 2019 | |
Accounting Policies [Abstract] | ||
Basis of Presentation | 1. Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all normal recurring adjustments considered necessary for a fair presentation have been included. Operating results for the nine months ended September 30, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020. For further information refer to the financial statements and footnotes thereto included in the Company’s Form 10-K for the year ended December 31, 2019. Going Concern The accompanying condensed financial statements have been prepared on a going concern basis of accounting, which contemplates continuity of operations, realization of assets and liabilities and commitments in the normal course of business. The accompanying unaudited financial statements do not reflect any adjustments that might result if the Company is unable to continue as a going concern. The Company has not generated revenue, and has negative cash flows from operations, which raise substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern and appropriateness of using the going concern basis is dependent upon, among other things, additional cash infusion. The Company has historically obtained funds through private placements offerings of equity and debt. Management believes that it will be able to continue to raise funds by sale of its securities to its existing shareholders and prospective new investors to provide the additional cash needed to meet the Company’s obligations as they become due, and will allow the development of its core of business. No assurance can be given that any future financing will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, it may contain undue restrictions on our operations, in the case of debt financing or cause substantial dilution for our stock holders, in case of equity financing. | 1. ORGANIZATION AND LINE OF BUSINESS Organization BioSolar, Inc. (the "Company") was incorporated in the state of Nevada on April 24, 2006. The Company, based in Santa Clarita, California, began operations on April 25, 2006 to develop and market Photovoltaic solar technology products. Line of Business We are developing innovative technologies to increase the storage capacity, lower the cost and extend the life of lithium-ion batteries for electric vehicles (EV). We are currently working on a silicon anode additive material technology intended to increase the storage capacity of current and future generation of lithium-ion batteries We previously developed BioBacksheet R Going Concern The accompanying financial statements have been prepared on a going concern basis of accounting, which contemplates continuity of operations, realization of assets and liabilities and commitments in the normal course of business. The accompanying financial statements do not reflect any adjustments that might result if the Company is unable to continue as a going concern. During the year ended December 31, 2019, the Company did not generate any revenue, incurred net income of $4,122,365, which includes a non-cash net gain in change in derivative of $5,777,348 and used cash in operations of $718,403. As of December 31, 2019, the Company had a working capital deficiency of $10,048,922 and a shareholders' deficit of $12,215,711. These factors, among others raise substantial doubt about the Company's ability to continue as a going concern. Our independent auditors, in their report on our audited financial statements for the year ended December 31, 2019 expressed substantial doubt about our ability to continue as a going concern. The accompanying financial statements have been prepared in conformity with U.S. GAAP, which contemplates continuation of the Company as a going concern and the realization of assets and satisfaction of liabilities in the normal course of business. The carrying amounts of assets and liabilities presented in the financial statements do not necessarily purport to represent realizable or settlement values. The financial statements do not include any adjustment that might result from the outcome of this uncertainty. The ability of the Company to continue as a going concern and appropriateness of using the going concern basis is dependent upon, among other things, achieving a level of profitable operations and receiving additional cash infusions. During the year ended December 31, 2019, the Company obtained funds from the issuance of convertible note agreements. Management believes this funding will continue from its' current investors and from new investors. Management believes the existing shareholders, and the prospective new investors will provide the additional cash needed to meet the Company's obligations as they become due and will allow the development of its core business operations. No assurance can be given that any future financing will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, it may contain undue restrictions on our operations, in the case of debt financing or cause substantial dilution for our stock holders, in case of equity financing. |
Organization and Line Of Busine
Organization and Line Of Business | 9 Months Ended | 12 Months Ended |
Sep. 30, 2020 | Dec. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
ORGANIZATION AND LINE OF BUSINESS | 1. Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all normal recurring adjustments considered necessary for a fair presentation have been included. Operating results for the nine months ended September 30, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020. For further information refer to the financial statements and footnotes thereto included in the Company’s Form 10-K for the year ended December 31, 2019. Going Concern The accompanying condensed financial statements have been prepared on a going concern basis of accounting, which contemplates continuity of operations, realization of assets and liabilities and commitments in the normal course of business. The accompanying unaudited financial statements do not reflect any adjustments that might result if the Company is unable to continue as a going concern. The Company has not generated revenue, and has negative cash flows from operations, which raise substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern and appropriateness of using the going concern basis is dependent upon, among other things, additional cash infusion. The Company has historically obtained funds through private placements offerings of equity and debt. Management believes that it will be able to continue to raise funds by sale of its securities to its existing shareholders and prospective new investors to provide the additional cash needed to meet the Company’s obligations as they become due, and will allow the development of its core of business. No assurance can be given that any future financing will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, it may contain undue restrictions on our operations, in the case of debt financing or cause substantial dilution for our stock holders, in case of equity financing. | 1. ORGANIZATION AND LINE OF BUSINESS Organization BioSolar, Inc. (the "Company") was incorporated in the state of Nevada on April 24, 2006. The Company, based in Santa Clarita, California, began operations on April 25, 2006 to develop and market Photovoltaic solar technology products. Line of Business We are developing innovative technologies to increase the storage capacity, lower the cost and extend the life of lithium-ion batteries for electric vehicles (EV). We are currently working on a silicon anode additive material technology intended to increase the storage capacity of current and future generation of lithium-ion batteries We previously developed BioBacksheet R Going Concern The accompanying financial statements have been prepared on a going concern basis of accounting, which contemplates continuity of operations, realization of assets and liabilities and commitments in the normal course of business. The accompanying financial statements do not reflect any adjustments that might result if the Company is unable to continue as a going concern. During the year ended December 31, 2019, the Company did not generate any revenue, incurred net income of $4,122,365, which includes a non-cash net gain in change in derivative of $5,777,348 and used cash in operations of $718,403. As of December 31, 2019, the Company had a working capital deficiency of $10,048,922 and a shareholders' deficit of $12,215,711. These factors, among others raise substantial doubt about the Company's ability to continue as a going concern. Our independent auditors, in their report on our audited financial statements for the year ended December 31, 2019 expressed substantial doubt about our ability to continue as a going concern. The accompanying financial statements have been prepared in conformity with U.S. GAAP, which contemplates continuation of the Company as a going concern and the realization of assets and satisfaction of liabilities in the normal course of business. The carrying amounts of assets and liabilities presented in the financial statements do not necessarily purport to represent realizable or settlement values. The financial statements do not include any adjustment that might result from the outcome of this uncertainty. The ability of the Company to continue as a going concern and appropriateness of using the going concern basis is dependent upon, among other things, achieving a level of profitable operations and receiving additional cash infusions. During the year ended December 31, 2019, the Company obtained funds from the issuance of convertible note agreements. Management believes this funding will continue from its' current investors and from new investors. Management believes the existing shareholders, and the prospective new investors will provide the additional cash needed to meet the Company's obligations as they become due and will allow the development of its core business operations. No assurance can be given that any future financing will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, it may contain undue restrictions on our operations, in the case of debt financing or cause substantial dilution for our stock holders, in case of equity financing. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 9 Months Ended | 12 Months Ended |
Sep. 30, 2020 | Dec. 31, 2019 | |
Accounting Policies [Abstract] | ||
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES This summary of significant accounting policies of the Company is presented to assist in understanding the Company's financial statements. The financial statements and notes are representations of the Company's management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements. Revenue Recognition The Company will recognize revenue when services are performed, and at the time of shipment of products, provided that evidence of an arrangement exists, title and risk of loss have passed to the customer, fees are fixed or determinable, and collection of the related receivable is reasonably assured. To date, the Company has not had significant revenues and is in the development stage. Cash and Cash Equivalent The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the accompanying financial statements. Significant estimates made in preparing these financial statements, include the estimate of useful lives of property and equipment, the deferred tax valuation allowance, derivative liabilities and the fair value of stock options. Actual results could differ from those estimates. Intangible Assets The Company has patent applications to protect the inventions and processes behind its proprietary bio-based back-sheet, a protective covering for the back of photovoltaic solar modules traditionally made from petroleum-based film. Intangible assets that have finite useful lives continue to be amortized over their useful lives. Useful Lives 9/30/20 12/31/19 Patents $ 45,336 $ 45,336 Less accumulated amortization 15 years (14,356 ) (12,090 ) $ 30,980 $ 33,246 Amortization expense for the nine months ended September 30, 2020 and the year ended December 31, 2019 was $2,266 and $1,511, respectively. Stock-Based Compensation The Company measures the cost of employee services received in exchange for an equity award based on the grant-date fair value of the award. All grants under our stock-based compensation programs are accounted for at fair value and that cost is recognized over the period during which an employee, consultant, or director are required to provide service in exchange for the award (the vesting period). Compensation expense for options granted to employees and non-employees is determined in accordance with the standard as the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measured. Compensation expense for awards granted is re-measured each period. Determining the appropriate fair value of the stock-based compensation requires the input of subjective assumptions, including the expected life of the stock-based payment and stock price volatility. The Company used Black Scholes to value its stock option awards which incorporated the Company's stock price, volatility, U.S. risk-free rate, dividend rate, and estimated life. The stock options terminate seven (7) years from the date of grant or upon termination of employment. As of September 30, 2020, 15,950,000 stock options are outstanding. Net Earnings (Loss) per Share Calculations Net earnings (Loss) per share dictates the calculation of basic earnings (loss) per share and diluted earnings per share. Basic earnings (loss) per share are computed by dividing by the weighted average number of common shares outstanding during the year. Diluted net earnings (loss) per share is computed similar to basic earnings (loss) per share except that the denominator is increased to include the effect of stock options and stock based awards (Note 4), plus the assumed conversion of convertible debt (Note 5). For the nine months ended September 30, 2020, the Company's diluted loss per share is the same as the basic loss per share, and the inclusion of any potential shares would have had an anti-dilutive effect due to the Company generating a loss. The Company has included 15,950,000 stock options and the shares issuable from convertible debt of $2,759,704, because their impact was dilutive. For the nine months ended September 30, 2019, the Company's diluted loss per share is the same as the basic loss per share, and the inclusion of any potential shares would have had an anti-dilutive effect due to the Company generating a loss. The Company has excluded 15,950,000 stock options, and the shares issuable from convertible debt of $2,602,220, because their impact was anti-dilutive. Fair Value of Financial Instruments Fair Value of Financial Instruments, requires disclosure of the fair value information, whether recognized in the balance sheet, where it is practicable to estimate that value. As of September 30, 2020, the amounts reported for cash, inventory, prepaid expenses, accounts payable, and accrued expenses, approximate the fair value because of their short maturities. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 established a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: ● Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. We measure certain financial instruments at fair value on a recurring basis. Assets and liabilities measured at fair value on a recurring basis are as follows at September 30, 2020: Total (Level 1) (Level 2) (Level 3) Derivative Liability $ 25,261,322 $ - $ - $ 25,261,322 Total Liabilities measured at fair value $ 25,261,322 $ - $ - $ 25,261,322 The following is a reconciliation of the derivative liability for which Level 3 inputs were used in determining the approximate fair value: Balance as of December 31, 2019 $ 8,919,202 Fair value of derivative liabilities issued 478,000 Loss on change in derivative liability 15,864,120 Balance as of September 30, 2020 $ 25,261,322 Recently Issued Accounting Pronouncements Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying condensed financial statements. | 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES This summary of significant accounting policies of the Company is presented to assist in understanding the Company's financial statements. The financial statements and notes are representations of the Company's management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements. Revenue Recognition The Company will recognize revenue when services are performed, and at the time of shipment of products, provided that evidence of an arrangement exists, title and risk of loss have passed to the customer, fees are fixed or determinable, and collection of the related receivable is reasonably assured. The Company adopted Accounting Standards Codification ("ASC") 606, whereby revenue will be recognized as performance obligations are satisfied and customers obtain control of goods or services. However, in the event of a loss on a sale is foreseen, the Company will recognize the loss as it is determined. To date, the Company has not had significant revenues and is in the development stage. Cash and Cash Equivalent The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the accompanying financial statements. Significant estimates made in preparing these financial statements, include the estimate of useful lives of property and equipment, the deferred tax valuation allowance, derivative liabilities and the fair value of stock options. Actual results could differ from those estimates. Property and Equipment Property and equipment are stated at cost, and are depreciated using straight line over its estimated useful lives: Computer equipment 5 Years Machinery and equipment 10 Years Depreciation expense for the years ended December 31, 2019 and 2018 was $4,623 and $3,080, respectively. Intangible Assets The Company has patent applications to protect the inventions and processes behind its proprietary bio-based back-sheet, a protective covering for the back of photovoltaic solar modules traditionally made from petroleum-based film. Intangible assets that have finite useful lives continue to be amortized over their useful lives Useful Lives 2019 2018 Patents $ 45,336 $ 75,487 Write-off of abandoned patents - (30,151 ) Less accumulated amortization 15 years (12,090 ) (9,067 ) $ 33,246 $ 36,269 Amortization expense for the years ended December 31, 2019 and 2018 was $2,267 and $3,022, respectively. Stock-Based Compensation The Company measures the cost of employee services received in exchange for an equity award based on the grant-date fair value of the award. All grants under our stock-based compensation programs are accounted for at fair value and that cost is recognized over the period during which an employee, consultant, or director are required to provide service in exchange for the award (the vesting period). Compensation expense for options granted to employees and non-employees is determined in accordance with the standard as the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measured. Compensation expense for awards granted is re-measured each period. The Company granted 12,000,000 stock options to its' employee and 3,950,000 stock options to and board of directors for services. As of December 31, 2019, there were 15,950,000 stock options outstanding. As of December 31, 2019, the Company did not issue any warrants and had no warrants outstanding. Determining the appropriate fair value of the stock-based compensation requires the input of subjective assumptions, including the expected life of the stock-based payment and stock price volatility. The Company used Black Scholes to value its stock option awards which incorporated the Company's stock price, volatility, U.S. risk-free rate, dividend rate, and estimated life. The stock options terminate seven (7) years from the date of grant or upon termination of employment. As of December 31, 2019, 15,950,000 stock options are outstanding. Income Taxes Deferred income taxes are provided using the liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry-forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of the changes in tax laws and rates of the date of enactment. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. On December 22, 2017, the Tax Cut and Jobs Act (the "Tax Act") was signed into law by the President of the United States. The TCJA is a tax reform act that among other things, reduced corporate income tax rate to 21%, effective January 1, 2018. Accordingly, the Company adjusted its deferred tax assets and liabilities at January 1, 2018, using the new corporate rate of 21%. See Note 7. Research and Development Research and development costs are expensed as incurred. Total research and development costs were $264,687 and $239,607 for the years ended December 31, 2019 and 2018, respectively. Net Earnings (Loss) per Share Calculations Net earnings (Loss) per share dictates the calculation of basic earnings (loss) per share and diluted earnings per share. Basic earnings (loss) per share are computed by dividing by the weighted average number of common shares outstanding during the year. Diluted net earnings (loss) per share is computed similar to basic earnings (loss) per share except that the denominator is increased to include the effect of stock options and stock based awards (Note 4), plus the assumed conversion of convertible debt (Note 5). The Company has included shares issuable from convertible debt of $2,854,033 and 15,950,000 stock options for the year ended December 31, 2019, because their impact on the income per share is dilutive. The Company has excluded shares issuable from convertible debt of $2,478,260 and 15,950,000 stock options for the year ended December 31, 2018, because their impact on the loss per share is anti-dilutive. For the Years Ended December 31, 2019 2018 Income (Loss) to common shareholders (Numerator) $ 4,122,365 $ (9,866,829 ) Basic weighted average number of common shares outstanding (Denominator) 92,022,751 53,667,779 Diluted weighted average number of common shares outstanding (Denominator) 679,815,020 53,667,779 Fair Value of Financial Instruments Fair Value of Financial Instruments, requires disclosure of the fair value information, whether recognized in the balance sheet, where it is practicable to estimate that value. As of December 31, 2019, the amounts reported for cash, inventory, prepaid expenses, accounts payable, and accrued expenses, approximate the fair value because of their short maturities. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 established a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: ● Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. We measure certain financial instruments at fair value on a recurring basis. Assets and liabilities measured at fair value on a recurring basis are as follows at December 31, 2019 and 2018: Total (Level 1) (Level 2) (Level 3) Assets: $ - $ - $ - $ - Liabilities: Derivative Liability at fair value as of December 31, 2019 $ 8,919,202 $ - $ - $ 8,919,202 Derivative Liability at fair value as of December 31, 2018 $ 14,032,942 $ - $ - $ 14,032,942 Fair Value of Financial Instruments The following is a reconciliation of the derivative liability for which Level 3 inputs were used in determining the approximate fair value: Balance as of December 31, 2017 $ 5,239,073 Fair value of derivative liabilities issued 402,808 Loss on change in derivative liability 8,391,061 Balance as of December 31, 2018 $ 14,032,942 Fair value of derivative liabilities issued 663,608 Gain on change in derivative liability (5,777,348 ) Balance as of December 31, 2019 $ 8,919,202 Accounting for Derivatives The Company evaluates all of its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. For stock-based derivative financial instruments, the Company uses a probability weighted average series Binomial lattice formula pricing models to value the derivative instruments at inception and on subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date. Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-2, which creates ASC Topic 842, "Leases." This update increases transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. This guidance is effective for interim and annual reporting periods beginning after December 15, 2018. The Company has evaluated the impact of the adoption of ASC 2016-2, which had no effect on the Company's financial statements. In June 2018, FASB issued accounting standards update ASU 2018-07, (Topic 505) – "Shared-Based Payment Arrangements with Nonemployees", which simplifies the accounting for share-based payments granted to nonemployees for goods and services. Under the ASU, most of the guidance on such payments to nonemployees will be aligned with the requirements for share-based payments granted to employees. Under the ASU 2018-07, the measurement of equity-classified nonemployee share-based payments will be fixed on the grant date, as defined in ASC 718, and will use the term nonemployee vesting period, rather than requisite service period. The amendments in this update are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted if financial statements have not yet been issued. The Company has evaluated the impact of the adoption of ASU 2018-07, which has no effect on the Company's financial statements. In August 2018, the FASB issued to accounting standards update ASU 2018-13, (Topic 820) - "Fair Value Measurement", which changes the unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The amendments in this update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted upon issuance. The Company has evaluated the impact of the adoption of ASU 2018-13, which has no effect on the Company's financial statements. Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying condensed financial statements. |
Capital Stock
Capital Stock | 9 Months Ended | 12 Months Ended |
Sep. 30, 2020 | Dec. 31, 2019 | |
Equity [Abstract] | ||
CAPITAL STOCK | 3. CAPITAL STOCK During the nine months ended September 30, 2020, the Company issued 235,197,440 shares of common stock upon conversion of convertible promissory notes in the amount of $572,329, plus accrued interest of $61,115, and other fees of $4,750 at prices ranging from $0.00140 - $0.0285. The Company had no gain or loss upon conversion, since the conversions were made under the terms of the agreements. During the nine months ended September 30, 2019, the Company issued 50,016,700 shares of common stock upon conversion of convertible promissory notes in the amount of $431,875, plus accrued interest of $53,083, with an aggregate fair value loss on conversion of $789,084 at prices ranging from $0.0192 - $0.0437. | 3. CAPITAL STOCK Preferred Stock On October 28, 2019, the Board of Directors granted 10,000,000 shares of preferred stock, par value $0.0001 per share, and authorized Series A Preferred stock consisting of one thousand (1,000) shares, which shall not be entitled to receive dividends paid on common stock, no liquidation preference, and no conversion rights. The Series A Preferred Stock will have voting rights for as long as the Series A Preferred Stock remains issued and outstanding, shall have the fifty-one percent (51%) majority voting power of the Company's shareholders. The Series A Preferred Stock shall be automatically redeemed at par value without any required action by the Company or the holder, and shall be triggered by the following events: (i) A date forty-five (45) days after the effective date of the certificate of designation. (ii) On the date that Mr. Lee ceases for any reason, to serve as officer, director or consultant of the Company. (iii) On the date that the Company's shares of common stock first trade on any national securities exchange. The Series A Preferred Stock automatically reverted back to the Company at par value on December 12, 2019. As of December 31, 2019, there were no Series A Preferred Stock outstanding. Common Stock On October 28, 2019, the Board of Directors deem it advisable and in the best interest of the Corporation to increase the authorized number of shares of common stock of the Corporation from 500,000,000 shares of common stock, par value $0.0001 per share to 3,000,000,000 shares of common stock, par value $0.0001 per share. During the year ended December 31, 2019, the Company issued 73,273,212 shares of common stock upon conversion of convertible promissory notes in the amount of $587,628, plus accrued interest of $74,006, and other fees of $500 at prices ranging from $0.00495 - $0.0172. During the year ended December 31, 2018, the Company issued 19,154,257 shares of common stock upon conversion of convertible promissory notes in the amount of $99,470, plus accrued interest of $36,153, with an aggregate fair value loss of $385,531 at prices ranging from $0.0157 - $0.048. |
Stock Options
Stock Options | 9 Months Ended | 12 Months Ended |
Sep. 30, 2020 | Dec. 31, 2019 | |
Share-based Payment Arrangement [Abstract] | ||
STOCK OPTIONS | 4. STOCK OPTIONS Stock Options The Company did not grant any stock options during the three months ended September 30, 2020 and 2019, respectively. 9/30/2020 9/30/2019 Number of Weighted Number of Weighted Outstanding as of the beginning of the periods 15,950,000 $ 0.23 15,950,000 $ 0.23 Granted - - - - Exercised - - - - Expired - - - - Outstanding as of the end of the periods 15,950,000 $ 0.23 15,950,000 $ 0.23 Exercisable as of the end of the periods 15,950,000 $ 0.23 15,950,000 $ 0.23 The weighted average remaining contractual life of options outstanding as of September 30, 2020 and 2019 was as follows: 9/30/2020 9/30/2019 Exercisable Stock Stock Weighted Exercisable Stock Stock Weighted $ 0.09 2,450,000 2,450,000 1.73 $ 0.09 2,450,000 2,450,000 2.73 $ 0.26 13,500,000 13,500,000 2.18 $ 0.26 13,500,000 13,500,000 3.18 15,950,000 15,950,000 15,950,000 15,950,000 The stock-based compensation expense recognized in the statement of operations during the nine months ended September 30, 2020 and 2019, related to the granting of these options was $0 and $0, respectively. As of September 30, 2020 and 2019, respectively, there was no intrinsic value with regards to the outstanding options. | 4. STOCK OPTIONS Stock Options The Company did not grant any stock options during the years ended December 31, 2019 and 2018, respectively. 12/31/2019 12/31/2018 Number of Options Weighted average exercise price Number of Options Weighted average exercise price Outstanding as of the beginning of the periods 15,950,000 $ 0.23 15,975,000 $ 0.23 Granted - - - - Exercised - - - - Expired - - (25,000 ) 0.40 Outstanding as of the end of the periods 15,950,000 $ 0.23 15,950,000 $ 0.23 Exercisable as of the end of the periods 15,950,000 $ 0.23 15,950,000 $ 0.23 The weighted average remaining contractual life of options outstanding as of December 31, 2019 and 2018 was as follows: 12/31/2019 12/31/2018 Exercisable Price Stock Options Outstanding Stock Options Exercisable Weighted Average Remaining Contractual Life (years) Exercisable Price Stock Options Outstanding Stock Options Exercisable Weighted Average Remaining Contractual Life (years) $ 0.09 2,450,000 2,450,000 2.23 $ 0.09 2,450,000 2,450,000 3.23 $ 0.26 13,500,000 13,500,000 2.37 $ 0.26 13,500,000 13,500,000 3.67 15,950,000 15,950,000 15,950,000 15,950,000 The stock-based compensation expense recognized in the statement of operations during the years ended December 31, 2019 and 2018, related to the granting of these options was $0 and $0, respectively. As of December 31, 2019 and 2018, respectively, there was no intrinsic value with regards to the outstanding options. |
Convertible Promissory Notes
Convertible Promissory Notes | 9 Months Ended | 12 Months Ended |
Sep. 30, 2020 | Dec. 31, 2019 | |
Debt Disclosure [Abstract] | ||
CONVERTIBLE PROMISSORY NOTES | 5. CONVERTIBLE PROMISSORY NOTES As of September 30, 2020, the outstanding convertible promissory notes net of debt discount are summarized as follows: Convertible Promissory Notes, net of debt discount $ 2,487,888 Less current portion 946,008 Total long-term liabilities $ 1,541,880 Maturities of long-term debt, net of debt discount for the next four years are as follows: June 30, Amount 2021 1,217,824 2022 473,880 2023 993,000 2024 75,000 $ 2,759,704 At September 30, 2020, the Company had outstanding convertible promissory notes in the amount of $2,759,704, which had a remaining debt discount of $271,816, leaving a net balance of $2,487,888. The Company issued an unsecured convertible promissory note (the “May 2014 Note”), in the amount of $500,000 on May 2, 2014, the effective date. The May Note shall mature on May 2, 2022. The May 2014 Note bears interest at 10% per annum. The May 2014 Note is convertible into shares of the Company’s common stock at a conversion price of the lesser of a) $0.25 per share of common stock (subject to adjustment for stock splits, dividends, combinations and other similar transactions) or b) fifty percent (50%) of the average three (3) lowest trading prices of three (3) separate trading days recorded after the effective date, or c) the lowest effective price granted to any person or entity after the effective date to acquire common stock. If the Borrower fails to deliver shares in accordance with the time frame of three (3) business days, the Lender, at any time prior to selling all of those shares, may rescind any portion, in whole or in part of that particular conversion attributable to the unsold shares and have the rescinded conversion amount returned to the Principal Sum with the rescinded conversion shares returned to the Borrower. In addition, for each conversion, in the event shares are not delivered by the fourth business day (inclusive of the day of conversion), a penalty of $1,500 per day shall be assessed for each day after the third business day (inclusive of the day of the conversion) until the shares are delivered. The fair value of the May 2014 Note has been determined by using the Binomial lattice formula from the effective date of each tranche. During the nine months ended September 30, 2020, the Company issued 64,094,322 shares of common stock upon conversion of principal in the amount of $63,270, plus accrued interest of $34,963. The May 2014 Note was converted based on the terms of the agreement, and the Company did not recognize a gain or loss on the conversion in the financials. As of September 30, 2020, the remaining balance of the May 2014 Note was $34,880. The Company issued various unsecured convertible promissory notes (the “2015-2018 Notes”) in the aggregate amount of $2,500,000 on various dates from January 30, 2015 through January 17, 2019, the effective dates. The maturity dates of the 2015-2018 Notes were extended, and as result, mature on dates from January 30, 2023 thru January 17, 2024. The 2015-2018 Notes bear an interest rate of 10% per annum. The 2015-2018 Notes are convertible into shares of the Company’s common stock at conversion prices ranging from the a) the lesser of $0.03 to $0.25 per share of common stock (subject to adjustment for stock splits, dividends, combinations and other similar transactions) or b) fifty percent (50%) of the lowest trade price recorded since the original effective date, or c) the lowest effective price per share granted to any person or entity after the effective date to acquire common stock. If the Borrower fails to deliver shares in accordance within the time frame of three (3) business days, the Lender, at any time prior to selling all of those shares, may rescind any portion, in whole or in part of that particular conversion attributable to the unsold shares and have the rescinded conversion amount returned to the Principal Sum with the rescinded conversion shares returned to the Borrower. In addition, for each conversion, in the event shares are not delivered by the fourth business day (inclusive of the day of conversion), a penalty of $1,500 per day shall be assessed for each day after the third business day (inclusive of the day of the conversion) until the shares are delivered. The fair value of the 2015-2018 Notes have been determined by using the Binomial lattice formula from the effective date of each tranche. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $801 during the nine months ended September 30, 2020. As of September 30, 2020, the 2015-2018 Notes had a remaining aggregate balance of $2,340,000. The Company issued various unsecured convertible promissory notes (the “Feb-Apr 2019 Notes”) in the aggregate principal amount of $107,000. The Company paid an original issue discount of $4,000 and received funds in the amount of $103,000. The Feb 2019 tranche was extended to August 22, 2020. The Apr 2019 Note matures on October 11, 2020. The Feb-Apr 2019 Notes bear interest at 10% per annum. The Feb-Apr 2019 Notes may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest one (1) day trading price during the fifteen (15)-trading-day period prior to the conversion date. The parties agree that if the shares of common stock issuable upon conversion of these Feb-Apr 2019 Notes are not delivered by the deadline, the Borrower shall pay to the holder of the Feb-Apr 2019 Notes $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Feb-Apr 2019 Notes was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Feb-Apr 2019 Notes. The fair value of the Feb-Apr 2019 Notes has been determined by using the Binomial lattice formula from the effective date of the notes. During the period ended September 30, 2020, the Company issued 34,267,881 shares of common stock upon conversion of $72,384 in principal, accrued interest of $6,351 and $1,750 in other fees. The Feb-Apr 2019 Notes were converted based on the terms of the agreement and the Company did not recognized a gain or loss on conversion in the financials. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $21,801 during the nine months ended September 30, 2020. The Feb-Apr 2019 Notes was fully converted as of September 30, 2020. The Company issued an unsecured convertible promissory note on July 16, 2019 (the “July 2019 Note”), in the aggregate principal amount of $53,000. The Company paid an original issue discount of $3,000 and received funds in the amount of $50,000. The July 2019 Note matured on July 16, 2020. The July 2019 Note bears interest at 10% per annum. The July 2019 Note may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if shares of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the July 2019 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the July 2019 Note. The fair value of the July 2019 Notes has been determined by using the Binomial lattice formula from the effective date of the notes. During the period ended September 30, 2020, the Company issued 8,248,918 shares of common stock upon conversion of principal in the amount of $53,000, plus interest of $2,650. The July 2019 Note was converted based on the terms of the agreement, and the Company did not recognize a gain or loss on conversion in the financials. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $28,672 during the nine months ended September 30, 2020. The July 2019 Note was fully converted as of September 30, 2020. The Company issued an unsecured convertible promissory note on August 8, 2019 (the “August 2019 Note”), in the aggregate principal amount of $53,500. The Company paid an original issue discount of $2,000 and received funds in the amount of $51,500. The August 2019 Note shall mature on February 14, 2021. The August 2019 Note bears interest at 10% per annum. The August 2019 Note may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest one (1) day trading price or lowest bid price during the fifteen (15) trading days prior to the conversion date. The parties agree that if shares of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the August 2019 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the August 2019 Note. The fair value of the August 2019 Notes has been determined by using the Binomial lattice formula from the effective date of the notes. The Company issued 21,000,000 shares of common stock upon conversion of principal in the amount of $40,676, plus other fees of $3,000. The August 2019 Note was converted based on the terms of the agreement and the Company did not recognize a gain or loss on conversion in the financials. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $32,305 during the nine months ended September 30, 2020. The August 2019 Note as of September 30, 2020 had a remaining balance of $12,824. The Company issued an unsecured convertible promissory note on August 29, 2019 (the “August 29, 2019 Note”), in the aggregate principal amount of $63,000. The Company paid an original issue discount of $3,000 and received funds in the amount of $60,000. The August 29, 2019 Note matures on August 29, 2020. The August 29, 2019 Note bears an interest at 10% per annum. The August 29, 2019 Note may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if shares of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the August 29, 2019 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the August 29, 2019 Note. The fair value of the August 29, 2019 Note has been determined by using the Binomial lattice formula from the effective date of the notes. During the nine months ended September 30, 2020, the Company issued 13,624,762 shares of common stock upon conversion in principal of $63,000, plus accrued interest of $3,150. The August 2019 Note was converted based on the terms of the agreement and the Company did not recognize a gain or loss on conversion in the financials. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $24,408 during the nine months ended September 30, 2020. The August 2019 Note was fully converted as of September 30, 2020. The Company issued an unsecured convertible promissory note on October 1, 2019 (the “Oct 2019 Note”), in the aggregate principal amount of $63,000. The Company paid an original issue discount of $3,000 and received funds in the amount of $60,000. The October 1, 2019 Note matures on October 1, 2020. The Oct 2019 Note bears interest at 10% per annum. The Oct 2019 Note may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if shares of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Oct 2019 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Oct 2019 Note. The fair value of the Oct 2019 Note has been determined by using the Binomial lattice formula from the effective date of the notes. During the nine months ended September 30, 2020, the Company issued 28,413,462 shares of common stock upon conversion of principal of $63,000, plus accrued interest of $3,150. The Oct 2019 Note was converted based on the terms of the agreement and the Company did not recognized a gain or loss on conversion in the financials. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $47,336 during the nine months ended September 30, 2020. The Oct 2019 Note was fully converted as of September 30, 2020. The Company issued an unsecured convertible promissory note on November 4, 2019 (the “Nov 2019 Note”), in the aggregate principal amount of $58,000. The Company paid an original issue discount of $3,000 and received funds in the amount of $55,000. The November 4, 2019 Note matures on November 4, 2020. The Nov 2019 Note bears interest at 10% per annum. The Nov 2019 Note may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if the shares of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Nov 2019 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Nov 2019 Note. The fair value of the Nov 2019 Note has been determined by using the Binomial lattice formula from the effective date of the notes. During the nine months ended September 30, 2020, the Company issued 24,588,385 shares of common stock upon conversion of $58,000 in principal, plus accrued interest of $ 2,900. The Nov 2019 Note was converted based on the terms of the agreement and the Company did not recognize a gain or loss on conversion in the financials. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $48,967 during the nine months ended September 30, 2020. The Nov 2019 Note was fully converted as of September 30, 2020. The Company issued an unsecured convertible promissory note on December 20, 2019 (the “Dec 2019 Note”), in the aggregate principal amount of $53,000. The Company paid an original issue discount of $3,000 and received funds in the amount of $50,000. The December 20, 2019 Note matures on December 20, 2020. The Dec 2019 Note bears an interest at 10% per annum. The Dec 2019 Note may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if the shares of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Dec 2019 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Dec 2019 Note. The fair value of the Dec 2019 Note has been determined by using the Binomial lattice formula from the effective date of the notes. During the nine months ended September 30, 2020, the Company issued 21,118,946 shares of common stock upon the conversion of principal of $53,000, plus accrued interest of $2,650. The Dec 2019 Note was converted based on the terms of the agreement and the Company did not recognize a gain or loss on the conversion in the financials. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $51,407 during the nine months ended September 30, 2020. The Dec 2019 Note was fully converted as of September 30, 2020. The Company issued an unsecured convertible promissory note on January 23, 2020 (the “Jan 2020 Note”), in the aggregate principal amount of $53,000. The Company paid an original issue discount of $3,000 and received funds in the amount of $50,000. The January 23, 2020 Note matures on January 23, 2021. The Jan 2020 Note bears interest at 10% per annum. The Jan 2020 Note may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if the shares of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Jan 2020 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Jan 2020 Note. The fair value of the Jan 2020 Note has been determined by using the Binomial lattice formula from the effective date of the notes. During the nine months ended September 30, 2020, the Company issued 12,320,494 of common stock upon conversion of $53,000 in principal, plus accrued interest of $2,650. The Jan 2020 Note was converted based on the terms of the agreement and the Company did not recognize a gain or loss on the conversion in the financials. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $53,000 during the nine months ended September 30, 2020. The Jan 2020 Note was fully converted as of September 30, 2020. The Company issued an unsecured convertible promissory note on February 13, 2020 (the “Feb 2020 Note”), in the aggregate principal amount of $53,500. The Company paid an original issue discount of $2,000 and received funds in the amount of $51,500. The Feb 2020 Note matures on February 13, 2021. The Feb 2020 Note bears interest at 10% per annum. The Feb 2020 Note may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest one (1) day trading price or lowest bid price during the fifteen (15) trading days prior to the conversion date. The parties agree that if the shares of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Feb 2020 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Feb 2020 Note. The fair value of the Feb 2020 Note has been determined by using the Binomial lattice formula from the effective date of the notes. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $33,474 during the nine months ended September 30, 2020. The Feb 2020 Note as of September 30, 2020 had a remaining balance of $53,500. The Company issued an unsecured convertible promissory note on March 2, 2020 (the “Mar 2020 Note”), in the aggregate principal amount of $53,000. The Company paid an original issue discount of $3,000 and received funds in the amount of $50,000. The March 2, 2020 Note matures on March 2, 2021. The Mar 2020 Note bears interest at 10% per annum. The Mar 2020 Note may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if the shares of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Mar 2020 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Mar 2020 Note. The fair value of the Mar 2020 Note has been determined by using the Binomial lattice formula from the effective date of the notes. During the nine months ended September 30, 2020, the Company issued 7,520,270 shares of common stock upon conversion in principal of $53,000, plus accrued interest of $2,650. The Mar 2020 Note was converted based on the terms of the agreement and the Company did not recognize a gain or loss on the conversion in the financials. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $53,000 during the nine months ended September 30, 2020. The Mar 2020 Note was fully converted as of September 30, 2020. The Company issued an unsecured convertible promissory note on April 28, 2020 (the “Apr 2020 Note”), in the aggregate principal amount of $53,000. The Company paid an original issue discount of $3,000 and received funds in the amount of $50,000. The April 28, 2020 Note matures on April 28, 2021. The Apr 2020 Note bears interest at 10% per annum. The Apr 2020 Note may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if the shares of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Apr 2020 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Apr 2020 Note. The fair value of the Apr 2020 Note has been determined by using the Binomial lattice formula from the effective date of the notes. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $22,507 during the nine months ended September 30, 2020. The Apr 2020 Note as of September 30, 2020 had a remaining balance of $53,000. The Company issued an unsecured convertible promissory note on June 22, 2020 (the Jun 2020 Note), in the aggregate principal amount of $53,000. The Company paid an original issue discount of $3,000 and received funds in the amount of $50,000. The June 22, 2020 Note matures on June 22, 2021. The Jun 2020 Note bears interest at 10% per annum. The Jun 2020 Note may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if delivery of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Jun 2020 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Jun 2020 Note. The fair value of the Jun 2020 Note has been determined by using the Binomial lattice formula from the effective date of the notes. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $14,521 during the nine months ended September 30, 2020. The Jun 2020 Note as of September 30, 2020 had a remaining balance of $53,000. The Company issued an unsecured convertible promissory note on July 6, 2020 (the Jul 2020 Note), in the aggregate principal amount of $53,000. The Company paid an original issue discount of $3,000 and received funds in the amount of $50,000. The Jul 2020 Note matures on July 6, 2021. The Jul 2020 Note bears interest at 10% per annum. The Jul 2020 Note may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if delivery of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Jul 2020 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Jul 2020 Note. The fair value of the Jul 2020 Note has been determined by using the Binomial lattice formula from the effective date of the notes. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $12,488 during the nine months ended September 30, 2020. The Jul 2020 Note as of September 30, 2020 had a remaining balance of $53,000. The Company issued an unsecured convertible promissory note on August 4, 2020 (the Aug 2020 Note), in the aggregate principal amount of $53,000. The Company paid an original issue discount of $3,000 and received funds in the amount of $50,000. The August 4, 2020 Note matures on August 4, 2021. The Aug 2020 Note bears interest at 10% per annum. The Aug 2020 Note may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if delivery of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Aug 2020 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Aug 2020 Note. The fair value of the Aug 2020 Note has been determined by using the Binomial lattice formula from the effective date of the notes. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $8,422 during the nine months ended September 30, 2020. The Aug 2020 Note as of September 30, 2020 had a remaining balance of $53,000. The Company issued an unsecured convertible promissory note on August 17, 2020 (the “Aug 2020 Note”), in the aggregate principal amount of $53,500. The Company paid an original issue discount of $2,000 and received funds in the amount of $51,500. The Aug 2020 Note matures on August 17, 2021. The Aug 2020 Note bears interest at 10% per annum. The Aug 2020 Note may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest one (1) day trading price or lowest bid price during the fifteen (15) trading days prior to the conversion date. The parties agree that if the shares of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Aug 2020 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Aug 2020 Note. The fair value of the Aug 2020 Note has been determined by using the Binomial lattice formula from the effective date of the notes. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $33,474 during the nine months ended September 30, 2020. The Aug 2020 Note as of September 30, 2020 had a remaining balance of $53,500. The Company issued an unsecured convertible promissory note on September 14, 2020 (the Sep 2020 Note), in the aggregate principal amount of $53,000. The Company paid an original issue discount of $3,000 and received funds in the amount of $50,000. The September 14, 2020 Note matures on September 14, 2021. The Sep 2020 Note bears interest at 10% per annum. The Sep 2020 Note may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if delivery of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Sep 2020 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Sep 2020 Note. The fair value of the Sep 2020 Note has been determined by using the Binomial lattice formula from the effective date of the notes. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $8,422 during the nine months ended September 30, 2020. The Sep 2020 Note as of September 30, 2020 had a remaining balance of $53,000. | 5. CONVERTIBLE PROMISSORY NOTES As of December 31, 2019 and 2018, the outstanding convertible promissory notes net of debt discount are summarized as follows: 2019 2018 Convertible Promissory Notes, net of debt discount $ 2,598,336 $ 2,470,810 Less current portion 390,987 485,837 Total long-term liabilities $ 2,207,349 $ 1,984,973 Maturities of long-term debt, net of debt discount for the next five years are as follows: December 31, Amount 2020 $ 390,987 2021 685,000 2022 570,150 2023 927,199 2024 25,000 $ 2,598,336 At December 31, 2019, the Company had $2,854,033 in convertible promissory notes had a remaining debt discount of $255,697, leaving a net balance of $2,598,336. The Company issued an unsecured convertible promissory note (the May 2014 Note”), in the amount of $500,000 on May 2, 2014. The May Note matured on September 18, 2019, and was extended to May 2, 2022 on December 26, 2019. The May 2014 Note bears interest at 10% per annum. The May 2014 Note is convertible into shares of the Company’s common stock at a conversion price of a) the lesser of $0.25 per share of common stock (subject to adjustment for stock splits, dividends, combinations and other similar transactions) or b) fifty percent (50%) of the average three (3) lowest trading prices of three (3) separate trading days recorded after the effective date, or c) the lowest effective price granted to any person or entity after the effective date to acquire common stock. If the Borrower fails to deliver shares in accordance with the time frame of three (3) business days, the Lender, at any time prior to selling all of those shares, may rescind any portion, in whole or in part of that particular conversion attributable to the unsold shares and have the rescinded conversion amount returned to the Principal Sum with the rescinded conversion shares returned to the Borrower. In addition, for each conversion, in the event shares are not delivered by the fourth business day (inclusive of the day of conversion), a penalty of $1,500 per day shall be assessed for each day after the third business day (inclusive of the day of the conversion) until the shares are delivered. The fair value of the May 2014 Note has been determined by using the Binomial lattice formula from the effective date of each tranche. During the year ended December 31, 2019, the Company issued 30,503,493 shares of common stock upon conversion of principal in the amount of $109,010, plus accrued interest of $51,807. As of December 31, 2019, the remaining balance of the May 2014 Note was $98,150. The Company issued various unsecured convertible promissory notes (the 2015-2019 Notes”) in the aggregate amount of $2,500,000 on various dates of January 30, 2015 through January 17, 2019. On January 17, 2019, the Company received an additional tranche in the amount of $25,000, associated with the January 30, 2015 Note for a total aggregate of $2,340,000. The 2015-2019 Notes mature on dates from January 30, 2020 through January 17, 2024. The 2015-2019 Notes bears interest at 10% per annum. The 2015-2019 Notes are convertible into shares of the Company’s common stock at conversion prices ranging from the a) the lesser of $0.03 to $0.25 per share of common stock (subject to adjustment for stock splits, dividends, combinations and other similar transactions) or b) fifty percent (50%) of the lowest trade price recorded since the original effective date, or c) the lowest effective price per share granted to any person or entity after the effective date to acquire common stock. If the Borrower fails to deliver shares in accordance within the time frame of three (3) business days, the Lender, at any time prior to selling all of those shares, may rescind any portion, in whole or in part of that particular conversion attributable to the unsold shares and have the rescinded conversion amount returned to the Principal Sum with the rescinded conversion shares returned to the Borrower. In addition, for each conversion, in the event shares are not delivered by the fourth business day (inclusive of the day of conversion), a penalty of $1,500 per day shall be assessed for each day after the third business day (inclusive of the day of the conversion) until the shares are delivered. The fair value of the 2015-2019 Notes have been determined by using the Binomial lattice formula from the effective date of each tranche. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $120,753 during the year ended December 31, 2019. As of December 31, 2019, the aggregate balances of the 2015-2019 Notes were $2,340,000. The Company issued various unsecured convertible promissory notes (the “Jul-Jun 2019 Notes”) in the aggregate principal amount of $444,000 on various dates of July 23, 2018 through June 3, 2019. The Jul-Jun 2019 Notes matures on dates from July 23, 2019 thru June 3, 2020. The Jul-Jun 2019 Notes bears interest at 10% per annum. The Jul-Jun 2019 Notes may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) closing bid prices during the fifteen (15) trading day prior to the conversion date. The parties agree that if delivery of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Jul-Jun 2019 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Jul-Jun 2019 Notes. The fair value of the Jul-Jun 2019 Notes has been determined by using the Binomial lattice formula from the effective date of each note. During the period ended December 31, 2019, the Company issued 39,519,719 upon conversion of principal in the amount of $444,000, plus accrued interest of $22,200. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $383,540 during the year ended December 31, 2019. As of December 31, 2019, the remaining aggregate balances of the Jul-Jun 2019 Notes were $0. The Company issued various unsecured convertible promissory notes (the “Feb-Apr 2019 Notes”) in the aggregate principal amount of $107,000. The Company paid an original issue discount of $4,000 and received funds in the amount of $103,000. The Feb-Apr 2019 Notes matures on dates from February 25, 2020 and April 5, 2020. The Feb-Apr 2019 Notes bears interest at 10% per annum. The Feb-Apr 2019 Notes may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest one (1) day trading price or lowest bid price during the fifteen (15) trading days prior to the conversion date. The parties agree that if delivery of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Feb-Apr 2019 Notes was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Feb-Apr 2019 Notes. The fair value of the Feb-Apr 2019 Notes has been determined by using the Binomial lattice formula from the effective date of the notes. The Company issued 3,250,000 upon conversion of principal of $34,616, plus other fees of $500. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $85,199 during the year ended December 31, 2019. As of December 31, 2019, the balance of the Feb-Apr 2019 Notes was $72,384. The Company issued an unsecured convertible promissory note on July 16, 2019 (the July 2019 Note), in the aggregate principal amount of $53,000. The Company paid an original issue discount of $3,000 and received funds in the amount of $50,000. The July 2019 Note matures on July 16, 2020. The July 2019 Note bears interest at 10% per annum. The July 2019 Note may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if delivery of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the July 2019 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the July 2019 Note. The fair value of the July 2019 Notes has been determined by using the Binomial lattice formula from the effective date of the notes. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $24,328 during the year ended December 31, 2019. As of December 31, 2019, the balance of the July 2019 Note was $53,000. The Company issued an unsecured convertible promissory note on August 8, 2019 (the August 2019 Note), in the aggregate principal amount of $53,500. The Company paid an original issue discount of $2,000 and received funds in the amount of $51,500. The August 2019 Note matures on August 8, 2020. The August 2019 Note bears interest at 10% per annum. The August 2019 Note may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest one (1) day trading price or lowest bid price during the fifteen (15) trading days prior to the conversion date. The parties agree that if delivery of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the July 2019 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the August 2019 Note. The fair value of the August 2019 Notes has been determined by using the Binomial lattice formula from the effective date of the notes. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $21,195 during the year ended December 31, 2019. As of December 31, 2019, the balance of the August 2019 Note was $53,500. The Company issued an unsecured convertible promissory note on August 29, 2019 (the August 29, 2019 Note), in the aggregate principal amount of $63,000. The Company paid an original issue discount of $3,000 and received funds in the amount of $60,000. The August 29, 2019 Note matures on August 29, 2020. The August 29, 2019 Note bears interest at 10% per annum. The August 29, 2019 Note may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if delivery of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the August 29, 2019 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the August 29, 2019 Note. The fair value of the August 29, 2019 Note has been determined by using the Binomial lattice formula from the effective date of the notes. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $12,507 during the year ended December 31, 2019. As of December 31, 2019, the balance of the August 2019 Note was $63,000. The Company issued an unsecured convertible promissory note on October 1, 2019 (the Oct 2019 Note), in the aggregate principal amount of $63,000. The Company paid an original issue discount of $3,000 and received funds in the amount of $60,000. The October 1, 2019 Note matures on October 1, 2020. The Oct 2019 Note bears interest at 10% per annum. The Oct 2019 Note may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if delivery of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Oct 2019 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Oct 2019 Note. The fair value of the Oct 2019 Note has been determined by using the Binomial lattice formula from the effective date of the notes. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $15,664 during the year ended December 31, 2019. As of December 31, 2019, the balance of the Oct 2019 Note was $63,000. The Company issued an unsecured convertible promissory note on November 4, 2019 (the Nov 2019 Note), in the aggregate principal amount of $53,000. The Company paid an original issue discount of $3,000 and received funds in the amount of $50,000. The November 4, 2019 Note matures on November 4, 2020. The Nov 2019 Note bears interest at 10% per annum. The Nov 2019 Note may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if delivery of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Nov 2019 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Nov 2019 Note. The fair value of the Nov 2019 Note has been determined by using the Binomial lattice formula from the effective date of the notes. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $9,033 during the year ended December 31, 2019. As of December 31, 2019, the balance of the Nov 2019 Note was $53,000. The Company issued an unsecured convertible promissory note on December 20, 2019 (the Dec 2019 Note), in the aggregate principal amount of $53,000. The Company paid an original issue discount of $3,000 and received funds in the amount of $50,000. The December 20, 2019 Note matures on December 20, 2020. The Dec 2019 Note bears interest at 10% per annum. The Dec 2019 Note may be converted into shares of the Company’s common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if delivery of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Dec 2019 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Dec 2019 Note. The fair value of the Dec 2019 Note has been determined by using the Binomial lattice formula from the effective date of the notes. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $1,593 during the year ended December 31, 2019. As of December 31, 2019, the balance of the Dec 2019 Note was $53,000. We evaluated the financing transactions in accordance with ASC Topic 815, Derivatives and Hedging, and determined that the conversion feature of the convertible promissory note was not afforded the exemption for conventional convertible instruments due to its variable conversion rate. The note has no explicit limit on the number of shares issuable, so they did not meet the conditions set forth in current accounting standards for equity classification. The Company elected to recognize the note under paragraph 815-15-25-4, whereby, there would be a separation into a host contract and derivative instrument. The Company elected to initially and subsequently measure the note in its entirety at fair value, with changes in fair value recognized in earnings. The Company recorded a derivative liability representing the imputed interest associated with the embedded derivative. The derivative liability is adjusted periodically per the stock price fluctuations. |
Derivative Liabilities
Derivative Liabilities | 9 Months Ended | 12 Months Ended |
Sep. 30, 2020 | Dec. 31, 2019 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
DERIVATIVE LIABILITIES | 6. DERIVATIVE LIABILITIES We evaluated the financing transactions in accordance with ASC Topic 815, Derivatives and Hedging, and determined that the conversion feature of the convertible promissory note was not afforded the exemption for conventional convertible instruments due to its variable conversion rate. The note has no explicit limit on the number of shares issuable so they did not meet the conditions set forth in current accounting standards for equity classification. The Company elected to recognize the note under paragraph 815-15-25-4, whereby, there would be a separation into a host contract and derivative instrument. The Company elected to initially and subsequently measure the note in its entirety at fair value, with changes in fair value recognized in earnings. The Company recorded a derivative liability representing the imputed interest associated with the embedded derivative. The derivative liability is adjusted periodically per the stock price fluctuations. The convertible notes issued and described in Note 5 do not have fixed settlement provisions because their conversion prices are not fixed. The conversion feature has been characterized as derivative liabilities to be re-measured at the end of every reporting period with the change in value reported in the statement of operations. During the nine months ended September 30, 2020, as a result of the convertible notes (“Notes”) issued that were accounted for as derivative liabilities, we determined that the fair value of the conversion feature of the convertible notes at issuance was $478,000, based upon a Binomial-Model calculation. We recorded the full value of the derivative as a liability at issuance with an offset to valuation discount, which will be amortized over the life of the Notes. During the nine months ended September 30, 2020, the Company converted $572,329 in principal of convertible notes, plus accrued interest of $61,115, and other fees of $4,750. At September 30, 2020, the fair value of the derivative liability was $25,261,322. For purpose of determining the fair market value of the derivative liability for the embedded conversion, the Company used the Binomial lattice valuation model. The significant assumptions used in the Binomial lattice valuation model for the derivative are as follows: 9/30/2020 Risk free interest rate 0.12% - 0.28% Stock volatility factor 153.0% -246.0% Weighted average expected option life 6 months - 5 years Expected dividend yield None | 6. DERIVATIVE LIABILITIES We evaluated the financing transactions in accordance with ASC Topic 815, Derivatives and Hedging, and determined that the conversion feature of the convertible promissory note was not afforded the exemption for conventional convertible instruments due to its variable conversion rate. The note has no explicit limit on the number of shares issuable, so they did not meet the conditions set forth in current accounting standards for equity classification. The Company elected to recognize the note under paragraph 815-15-25-4, whereby, there would be a separation into a host contract and derivative instrument. The Company elected to initially and subsequently measure the note in its entirety at fair value, with changes in fair value recognized in earnings. The Company recorded a derivative liability representing the imputed interest associated with the embedded derivative. The derivative liability is adjusted periodically per the stock price fluctuations. The convertible notes issued and described in Note 5 do not have fixed settlement provisions because their conversion prices are not fixed. The conversion feature has been characterized as derivative liabilities to be re-measured at the end of every reporting period with the change in value reported in the statement of operations. During the year ended December 31, 2019, as a result of the convertible notes (“Notes”) issued that were accounted for as derivative liabilities, we determined that the fair value of the conversion feature of the convertible notes at issuance was $663,608, based upon a Binomial-Model calculation. We recorded the full value of the derivative as a liability at issuance with an offset to valuation discount, which will be amortized over the life of the Notes. During the year ended December 31, 2019, the Company converted $587,628 in principal of convertible notes, plus accrued interest of $74,006, and other fees of $500. As a result of the conversion of these notes the Company recorded a gain on extinguishment of debt in the amount of $1,056,558 and a gain in net change in derivative of $4,720,790 in the statement of operations for the year ended December 31, 2019. At December 31, 2019, the fair value of the derivative liability was $8,919,202. For purpose of determining the fair market value of the derivative liability for the embedded conversion, the Company used the Binomial lattice valuation model. The significant assumptions used in the Binomial lattice valuation model for the derivative are as follows: 12/31/2019 Risk free interest rate 1.55% - 1.69% Stock volatility factor 63.0% -159.0% Weighted average expected option life 6 months - 5 years Expected dividend yield None |
Commitments and contingencies
Commitments and contingencies | 9 Months Ended | 12 Months Ended |
Sep. 30, 2020 | Dec. 31, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | ||
COMMITMENTS AND CONTINGENCIES | 7. COMMITMENTS AND CONTINGENCIES The Company rents office space on a yearly basis with a monthly rent payment in the amount of $550. In the normal course of business, the Company may be involved in legal proceedings, claims and assessments arising. Such matters are subject to many uncertainties, and outcomes are not predictable with assurance. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the Company’s financial position or results of operations. At September 30, 2020, there were no legal proceedings against the Company. | 9. COMMITMENTS AND CONTINGENCIES The Company rents office space on a yearly basis with a monthly rent payment in the amount of $550. In the normal course of business, the Company may be involved in legal proceedings, claims and assessments arising. Such matters are subject to many uncertainties, and outcomes are not predictable with assurance. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the Company's financial position or results of operations. At December 31, 2019, there were no legal proceedings against the Company. |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2019 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | 7. INCOME TAXES On December 22, 2017, the U.S. enacted the Tax Cuts and Jobs Act (the "Act"), which significantly changed U.S. tax law. The Act lowered the Company's U.S. statutory federal income tax rate from 35% to 21% effective January 1, 2018. The Company files income tax returns in the U.S. Federal jurisdiction, and the state of California. With few exceptions, the Company is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2016. Included in the balance at December 31, 2019, are no tax positions for which the ultimate deductibility is highly certain, but for which there is uncertainty about the timing of such deductibility. Because of the impact of deferred tax accounting, other than interest and penalties, the disallowance of the shorter deductibility period would not affect the annual effective tax rate but would accelerate the payment of cash to the taxing authority to an earlier period. The Company's policy is to recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. During the year ended December 31, 2019, the Company did not recognize interest and penalties. At December 31, 2019, the Company had net operating loss carry-forwards of approximately $9,275,000 that may be offset against future taxable income. No tax benefit has been reported in the December 31, 2019 financial statements since the potential tax benefit is offset by a valuation allowance of the same amount. The income tax provision differs from the amount of income tax determined by applying the U.S. federal and state income tax rate of 30% to pretax income from continuing operations for the years ended December 31, 2019 and 2018 due to the following: 2019 2018 Book Income (Loss) 1,236,710 (2,072,035 ) Depreciation (230 ) 125 Meals and entertainment 95 (1,060 ) Non-deductible non-cash charges (1,012,945 ) 1,924,670 Valuation Allowance (223,630 ) 148,300 Income tax expense $ - $ - Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible differences and operating loss and tax credit carry-forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the difference between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. Net deferred tax assets consist of the following components as of December 31, 2019 and 2018: 2019 2018 Deferred tax assets: NOL carryover (1,947,750 ) (1,811,705 ) R & D credit 142,385 124,840 Depreciation 10,735 10,735 Deferred tax liabilities: - Less Valuation Allowance 1,794,630 1,676,130 Net deferred tax asset $ - $ - Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry-forwards for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry-forwards may be limited as to use in future years. |
Related Party Transaction
Related Party Transaction | 12 Months Ended |
Dec. 31, 2019 | |
Related Party Transactions [Abstract] | |
Related Party Transaction | 8. RELATED PARTY TRANSACTION On October 28, 2019, the Company issued 1,000 shares of Series A Preferred Stock at $20 par value to Mr. David Lee as a bonus for services. The Series A Preferred Stock had a fifty-one (51%) voting right only and was redeemed at par value on December 12, 2019. As of December 31, 2019, there were no Series A Preferred Stock outstanding. |
Subsequent Events
Subsequent Events | 9 Months Ended | 12 Months Ended |
Sep. 30, 2020 | Dec. 31, 2019 | |
Subsequent Events [Abstract] | ||
SUBSEQUENT EVENTS | 8. SUBSEQUENT EVENTS Management has evaluated subsequent events according to the requirements of ASC TOPIC 855 and has determined that there are the following subsequent events: On October 8, 2020 the Company issued 17,171,727 shares of common stock upon conversion of principal in the amount of $15,940, plus accrued interest of $9,245 according to the conditions of the convertible note dated as of May 2, 2014. On October 12, 2020, an addendum was executed for the Bountiful convertible note dated October 1, 2015, to extend the maturity date to October 1, 2023. On October 13, 2020, the Company received funds of $25,000 on the convertible note dated February 26, 2018. On October 28, 2020 the Company issued 3,921,569 shares of common stock upon conversion of principal in the amount of $20,000 according to the conditions of the convertible note dated as of April 23, 2020. On October 30, 2020 the Company issued 8,695,122 shares of common stock upon conversion of principal in the amount of $33,000, plus accrued interest of $2,650 according to the conditions of the convertible note dated as of April 23, 2020. On November 2, 2020, the Company entered into a securities purchase agreement in the amount of $53,000 less other fees of $3,000 for net funds of $50,000. | 10. SUBSEQUENT EVENT Management has evaluated subsequent events according to the requirements of ASC TOPIC 855 and has determined that there are the following subsequent events: On January 16, 2020, the Company issued 1,200,000 shares of common stock upon conversion of principal in the amount of $7,802, plus $250 in other fees. On January 21, 2020, the Company issued 1,666,667 shares of common stock upon conversion of principal in the amount of $12,000. On January 23, 2020, the Company issued 2,142,857 shares of common stock upon conversion of principal in the amount of $15,000. On January 24, 2020, the Company issued 2,272,727 shares of common stock upon conversion of principal in the amount of $15,000. On January 23, 2020, the Company entered into a convertible promissory note with an investor providing for the sale by the Company of a 10% unsecured convertible note (the "January 2020 Note") in the principal amount of $53,000. The January 2020 Note is convertible into shares of common stock of the Company at a price equal to a variable conversion price of 61% of the average of the two lowest (1) day trading prices for common stock during the fifteen (15) trading day period prior to the conversion date. On January 27, 2020, the Company issued 2,166,667 shares of common stock upon conversion of principal in the amount of $11,000, plus accrued interest of $2,650. On February 13, 2020, the Company entered into a convertible promissory note with an investor providing for the sale by the Company of a 10% unsecured convertible note (the "February 2020 Note") in the principal amount of $53,500. The February 2020 Note is convertible into shares of common stock of the Company at a price equal to a variable conversion price of 61% of the average of the two lowest (1) day trading prices for common stock during the fifteen (15) trading day period prior to the conversion date. On February 25, 2020, the Company issued 2,000,000 shares of common stock upon conversion of principal in the amount of $10,120, plus other fees of $250. On March 2, 2020, the Company entered into a convertible promissory note with an investor providing for the sale by the Company of a 10% unsecured convertible note (the "February 2020 Note") in the principal amount of $53,000. The March 2020 Note is convertible into shares of common stock of the Company at a price equal to a variable conversion price of 61% of the average of the two lowest (1) day trading prices for common stock during the fifteen (15) trading day period prior to the conversion date. On March 3, 2020, the Company issued 1,967,213 shares of common stock upon conversion of principal in the amount of $12,000. On March 6, 2020, the Company issued 2,542,373 shares of common stock upon conversion of principal in the amount of $15,000. Effective March 6, 2020, the Company entered into an agreement with Soelect, Inc. for the Joint Development of low-cost manufacturing of SiO-C-Li Composition material using Solid state process agreement (the "Agreement"). The Agreement is for a term of 21 months, with three phases of development. However, the parties may extend the term for additional periods as may be mutually agreed to. Either party upon 30 days' notice may terminate the Agreement. Phase 1 of the project is expected to run for 9 months with estimated cost to the Company of $90,000, with Phase 2 estimated for last 6 months, with estimated cost of $100,000, and the final, Phase 3, expected to run for 6 months at an estimated cost of $100,000. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2020 | Dec. 31, 2019 | |
Accounting Policies [Abstract] | ||
Revenue Recognition | Revenue Recognition The Company will recognize revenue when services are performed, and at the time of shipment of products, provided that evidence of an arrangement exists, title and risk of loss have passed to the customer, fees are fixed or determinable, and collection of the related receivable is reasonably assured. To date, the Company has not had significant revenues and is in the development stage. | Revenue Recognition The Company will recognize revenue when services are performed, and at the time of shipment of products, provided that evidence of an arrangement exists, title and risk of loss have passed to the customer, fees are fixed or determinable, and collection of the related receivable is reasonably assured. The Company adopted Accounting Standards Codification ("ASC") 606, whereby revenue will be recognized as performance obligations are satisfied and customers obtain control of goods or services. However, in the event of a loss on a sale is foreseen, the Company will recognize the loss as it is determined. To date, the Company has not had significant revenues and is in the development stage. |
Cash and Cash Equivalent | Cash and Cash Equivalent The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. | Cash and Cash Equivalent The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the accompanying financial statements. Significant estimates made in preparing these financial statements, include the estimate of useful lives of property and equipment, the deferred tax valuation allowance, derivative liabilities and the fair value of stock options. Actual results could differ from those estimates. | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the accompanying financial statements. Significant estimates made in preparing these financial statements, include the estimate of useful lives of property and equipment, the deferred tax valuation allowance, derivative liabilities and the fair value of stock options. Actual results could differ from those estimates. |
Property and Equipment | Property and Equipment Property and equipment are stated at cost, and are depreciated using straight line over its estimated useful lives: Computer equipment 5 Years Machinery and equipment 10 Years Depreciation expense for the years ended December 31, 2019 and 2018 was $4,623 and $3,080, respectively. | |
Intangible Assets | Intangible Assets The Company has patent applications to protect the inventions and processes behind its proprietary bio-based back-sheet, a protective covering for the back of photovoltaic solar modules traditionally made from petroleum-based film. Intangible assets that have finite useful lives continue to be amortized over their useful lives. Useful Lives 9/30/20 12/31/19 Patents $ 45,336 $ 45,336 Less accumulated amortization 15 years (14,356 ) (12,090 ) $ 30,980 $ 33,246 Amortization expense for the nine months ended September 30, 2020 and the year ended December 31, 2019 was $2,266 and $1,511, respectively. | Intangible Assets The Company has patent applications to protect the inventions and processes behind its proprietary bio-based back-sheet, a protective covering for the back of photovoltaic solar modules traditionally made from petroleum-based film. Intangible assets that have finite useful lives continue to be amortized over their useful lives Useful Lives 2019 2018 Patents $ 45,336 $ 75,487 Write-off of abandoned patents - (30,151 ) Less accumulated amortization 15 years (12,090 ) (9,067 ) $ 33,246 $ 36,269 Amortization expense for the years ended December 31, 2019 and 2018 was $2,267 and $3,022, respectively. |
Stock-Based Compensation | Stock-Based Compensation The Company measures the cost of employee services received in exchange for an equity award based on the grant-date fair value of the award. All grants under our stock-based compensation programs are accounted for at fair value and that cost is recognized over the period during which an employee, consultant, or director are required to provide service in exchange for the award (the vesting period). Compensation expense for options granted to employees and non-employees is determined in accordance with the standard as the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measured. Compensation expense for awards granted is re-measured each period. Determining the appropriate fair value of the stock-based compensation requires the input of subjective assumptions, including the expected life of the stock-based payment and stock price volatility. The Company used Black Scholes to value its stock option awards which incorporated the Company's stock price, volatility, U.S. risk-free rate, dividend rate, and estimated life. The stock options terminate seven (7) years from the date of grant or upon termination of employment. As of September 30, 2020, 15,950,000 stock options are outstanding. | Stock-Based Compensation The Company measures the cost of employee services received in exchange for an equity award based on the grant-date fair value of the award. All grants under our stock-based compensation programs are accounted for at fair value and that cost is recognized over the period during which an employee, consultant, or director are required to provide service in exchange for the award (the vesting period). Compensation expense for options granted to employees and non-employees is determined in accordance with the standard as the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measured. Compensation expense for awards granted is re-measured each period. The Company granted 12,000,000 stock options to its’ employee and 3,950,000 stock options to and board of directors for services. As of December 31, 2019, there were 15,950,000 stock options outstanding. As of December 31, 2019, the Company did not issue any warrants and had no warrants outstanding. Determining the appropriate fair value of the stock-based compensation requires the input of subjective assumptions, including the expected life of the stock-based payment and stock price volatility. The Company used Black Scholes to value its stock option awards which incorporated the Company’s stock price, volatility, U.S. risk-free rate, dividend rate, and estimated life. The stock options terminate seven (7) years from the date of grant or upon termination of employment. As of December 31, 2019, 15,950,000 stock options are outstanding. |
Income Taxes | Income Taxes Deferred income taxes are provided using the liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry-forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of the changes in tax laws and rates of the date of enactment. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. On December 22, 2017, the Tax Cut and Jobs Act (the "Tax Act") was signed into law by the President of the United States. The TCJA is a tax reform act that among other things, reduced corporate income tax rate to 21%, effective January 1, 2018. Accordingly, t he Company adjusted its deferred tax assets and liabilities at January 1, 2018, using the new corporate rate of 21%. See Note 7. | |
Research and Development | Research and Development Research and development costs are expensed as incurred. Total research and development costs were $264,687 and $239,607 for the years ended December 31, 2019 and 2018, respectively. | |
Net Earnings (Loss) per Share Calculations | Net Earnings (Loss) per Share Calculations Net earnings (Loss) per share dictates the calculation of basic earnings (loss) per share and diluted earnings per share. Basic earnings (loss) per share are computed by dividing by the weighted average number of common shares outstanding during the year. Diluted net earnings (loss) per share is computed similar to basic earnings (loss) per share except that the denominator is increased to include the effect of stock options and stock based awards (Note 4), plus the assumed conversion of convertible debt (Note 5). For the nine months ended September 30, 2020, the Company's diluted loss per share is the same as the basic loss per share, and the inclusion of any potential shares would have had an anti-dilutive effect due to the Company generating a loss. The Company has included 15,950,000 stock options and the shares issuable from convertible debt of $2,759,704, because their impact was dilutive. For the nine months ended September 30, 2019, the Company's diluted loss per share is the same as the basic loss per share, and the inclusion of any potential shares would have had an anti-dilutive effect due to the Company generating a loss. The Company has excluded 15,950,000 stock options, and the shares issuable from convertible debt of $2,602,220, because their impact was anti-dilutive. | Net Earnings (Loss) per Share Calculations Net earnings (Loss) per share dictates the calculation of basic earnings (loss) per share and diluted earnings per share. Basic earnings (loss) per share are computed by dividing by the weighted average number of common shares outstanding during the year. Diluted net earnings (loss) per share is computed similar to basic earnings (loss) per share except that the denominator is increased to include the effect of stock options and stock based awards (Note 4), plus the assumed conversion of convertible debt (Note 5). The Company has included shares issuable from convertible debt of $2,854,033 and 15,950,000 stock options for the year ended December 31, 2019, because their impact on the income per share is dilutive. The Company has excluded shares issuable from convertible debt of $2,478,260 and 15,950,000 stock options for the year ended December 31, 2018, because their impact on the loss per share is anti-dilutive. For the Years Ended December 31, 2019 2018 Income (Loss) to common shareholders (Numerator) $ 4,122,365 $ (9,866,829 ) Basic weighted average number of common shares outstanding (Denominator) 92,022,751 53,667,779 Diluted weighted average number of common shares outstanding (Denominator) 679,815,020 53,667,779 |
Fair Value of Financial Instruments | Fair Value of Financial Instruments Fair Value of Financial Instruments, requires disclosure of the fair value information, whether recognized in the balance sheet, where it is practicable to estimate that value. As of September 30, 2020, the amounts reported for cash, inventory, prepaid expenses, accounts payable, and accrued expenses, approximate the fair value because of their short maturities. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 established a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: ● Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. We measure certain financial instruments at fair value on a recurring basis. Assets and liabilities measured at fair value on a recurring basis are as follows at September 30, 2020: Total (Level 1) (Level 2) (Level 3) Derivative Liability $ 25,261,322 $ - $ - $ 25,261,322 Total Liabilities measured at fair value $ 25,261,322 $ - $ - $ 25,261,322 The following is a reconciliation of the derivative liability for which Level 3 inputs were used in determining the approximate fair value: Balance as of December 31, 2019 $ 8,919,202 Fair value of derivative liabilities issued 478,000 Loss on change in derivative liability 15,864,120 Balance as of September 30, 2020 $ 25,261,322 | Fair Value of Financial Instruments Fair Value of Financial Instruments, requires disclosure of the fair value information, whether recognized in the balance sheet, where it is practicable to estimate that value. As of December 31, 2019, the amounts reported for cash, inventory, prepaid expenses, accounts payable, and accrued expenses, approximate the fair value because of their short maturities. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 established a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: ● Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. We measure certain financial instruments at fair value on a recurring basis. Assets and liabilities measured at fair value on a recurring basis are as follows at December 31, 2019 and 2018: Total (Level 1) (Level 2) (Level 3) Assets: $ - $ - $ - $ - Liabilities: Derivative Liability at fair value as of December 31, 2019 $ 8,919,202 $ - $ - $ 8,919,202 Derivative Liability at fair value as of December 31, 2018 $ 14,032,942 $ - $ - $ 14,032,942 Fair Value of Financial Instruments The following is a reconciliation of the derivative liability for which Level 3 inputs were used in determining the approximate fair value: Balance as of December 31, 2017 $ 5,239,073 Fair value of derivative liabilities issued 402,808 Loss on change in derivative liability 8,391,061 Balance as of December 31, 2018 $ 14,032,942 Fair value of derivative liabilities issued 663,608 Gain on change in derivative liability (5,777,348 ) Balance as of December 31, 2019 $ 8,919,202 |
Accounting for Derivatives | Accounting for Derivatives The Company evaluates all of its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. For stock-based derivative financial instruments, the Company uses a probability weighted average series Binomial lattice formula pricing models to value the derivative instruments at inception and on subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date. | |
Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying condensed financial statements. | Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-2, which creates ASC Topic 842, "Leases." This update increases transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. This guidance is effective for interim and annual reporting periods beginning after December 15, 2018. The Company has evaluated the impact of the adoption of ASC 2016-2, which had no effect on the Company's financial statements. In June 2018, FASB issued accounting standards update ASU 2018-07, (Topic 505) – "Shared-Based Payment Arrangements with Nonemployees", which simplifies the accounting for share-based payments granted to nonemployees for goods and services. Under the ASU, most of the guidance on such payments to nonemployees will be aligned with the requirements for share-based payments granted to employees. Under the ASU 2018-07, the measurement of equity-classified nonemployee share-based payments will be fixed on the grant date, as defined in ASC 718, and will use the term nonemployee vesting period, rather than requisite service period. The amendments in this update are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted if financial statements have not yet been issued. The Company has evaluated the impact of the adoption of ASU 2018-07, which has no effect on the Company's financial statements. In August 2018, the FASB issued to accounting standards update ASU 2018-13, (Topic 820) - "Fair Value Measurement", which changes the unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The amendments in this update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted upon issuance. The Company has evaluated the impact of the adoption of ASU 2018-13, which has no effect on the Company's financial statements. Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying condensed financial statements. |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2020 | Dec. 31, 2019 | |
Accounting Policies [Abstract] | ||
Schedule of property and equipment estimated useful lives | Computer equipment 5 Years Machinery and equipment 10 Years | |
Schedule of intangible assets amortized over their useful lives | Useful Lives 9/30/20 12/31/19 Patents $ 45,336 $ 45,336 Less accumulated amortization 15 years (14,356 ) (12,090 ) $ 30,980 $ 33,246 | Useful Lives 2019 2018 Patents $ 45,336 $ 75,487 Write-off of abandoned patents - (30,151 ) Less accumulated amortization 15 years (12,090 ) (9,067 ) $ 33,246 $ 36,269 |
Schedule of Net earnings (loss) per share calculations | For the Years Ended December 31, 2019 2018 Income (Loss) to common shareholders (Numerator) $ 4,122,365 $ (9,866,829 ) Basic weighted average number of common shares outstanding (Denominator) 92,022,751 53,667,779 Diluted weighted average number of common shares outstanding (Denominator) 679,815,020 53,667,779 | |
Schedule of assets and liabilities measured at fair value on recurring basis | Total (Level 1) (Level 2) (Level 3) Derivative Liability $ 25,261,322 $ - $ - $ 25,261,322 Total Liabilities measured at fair value $ 25,261,322 $ - $ - $ 25,261,322 | Total (Level 1) (Level 2) (Level 3) Assets: $ - $ - $ - $ - Liabilities: Derivative Liability at fair value as of December 31, 2019 $ 8,919,202 $ - $ - $ 8,919,202 Derivative Liability at fair value as of December 31, 2018 $ 14,032,942 $ - $ - $ 14,032,942 |
Schedule of reconciliation of derivative liability | Balance as of December 31, 2019 $ 8,919,202 Fair value of derivative liabilities issued 478,000 Loss on change in derivative liability 15,864,120 Balance as of September 30, 2020 $ 25,261,322 | Balance as of December 31, 2017 $ 5,239,073 Fair value of derivative liabilities issued 402,808 Loss on change in derivative liability 8,391,061 Balance as of December 31, 2018 $ 14,032,942 Fair value of derivative liabilities issued 663,608 Gain on change in derivative liability (5,777,348 ) Balance as of December 31, 2019 $ 8,919,202 |
Stock Options (Tables)
Stock Options (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2020 | Dec. 31, 2019 | |
Share-based Payment Arrangement [Abstract] | ||
Schedule of stock options | 9/30/2020 9/30/2019 Number of Weighted Number of Weighted Outstanding as of the beginning of the periods 15,950,000 $ 0.23 15,950,000 $ 0.23 Granted - - - - Exercised - - - - Expired - - - - Outstanding as of the end of the periods 15,950,000 $ 0.23 15,950,000 $ 0.23 Exercisable as of the end of the periods 15,950,000 $ 0.23 15,950,000 $ 0.23 | 12/31/2019 12/31/2018 Number of Options Weighted average exercise price Number of Options Weighted average exercise price Outstanding as of the beginning of the periods 15,950,000 $ 0.23 15,975,000 $ 0.23 Granted - - - - Exercised - - - - Expired - - (25,000 ) 0.40 Outstanding as of the end of the periods 15,950,000 $ 0.23 15,950,000 $ 0.23 Exercisable as of the end of the periods 15,950,000 $ 0.23 15,950,000 $ 0.23 |
Schedule of weighted average remaining contractual life of options outstanding | 9/30/2020 9/30/2019 Exercisable Stock Stock Weighted Exercisable Stock Stock Weighted $ 0.09 2,450,000 2,450,000 1.73 $ 0.09 2,450,000 2,450,000 2.73 $ 0.26 13,500,000 13,500,000 2.18 $ 0.26 13,500,000 13,500,000 3.18 15,950,000 15,950,000 15,950,000 15,950,000 | 12/31/2019 12/31/2018 Exercisable Price Stock Options Outstanding Stock Options Exercisable Weighted Average Remaining Contractual Life (years) Exercisable Price Stock Options Outstanding Stock Options Exercisable Weighted Average Remaining Contractual Life (years) $ 0.09 2,450,000 2,450,000 2.23 $ 0.09 2,450,000 2,450,000 3.23 $ 0.26 13,500,000 13,500,000 2.37 $ 0.26 13,500,000 13,500,000 3.67 15,950,000 15,950,000 15,950,000 15,950,000 |
Convertible Promissory Notes (T
Convertible Promissory Notes (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2020 | Dec. 31, 2019 | |
Debt Disclosure [Abstract] | ||
Schedule of outstanding convertible promissory notes | Convertible Promissory Notes, net of debt discount $ 2,487,888 Less current portion 946,008 Total long-term liabilities $ 1,541,880 | 2019 2018 Convertible Promissory Notes, net of debt discount $ 2,598,336 $ 2,470,810 Less current portion 390,987 485,837 Total long-term liabilities $ 2,207,349 $ 1,984,973 |
Schedule of maturities of long-term debt, net of debt discount | June 30, Amount 2021 1,217,824 2022 473,880 2023 993,000 2024 75,000 $ 2,759,704 | December 31, Amount 2020 $ 390,987 2021 685,000 2022 570,150 2023 927,199 2024 25,000 $ 2,598,336 |
Derivative Liabilities (Tables)
Derivative Liabilities (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2020 | Dec. 31, 2019 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Schedule of derivative liabilities valuation assumptions | 9/30/2020 Risk free interest rate 0.12% - 0.28% Stock volatility factor 153.0% -246.0% Weighted average expected option life 6 months - 5 years Expected dividend yield None | 12/31/2019 Risk free interest rate 1.55% - 1.69% Stock volatility factor 63.0% -159.0% Weighted average expected option life 6 months - 5 years Expected dividend yield None |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Income Tax Disclosure [Abstract] | |
Schedule of components of income tax expense | 2019 2018 Book Income (Loss) 1,236,710 (2,072,035 ) Depreciation (230 ) 125 Meals and entertainment 95 (1,060 ) Non-deductible non-cash charges (1,012,945 ) 1,924,670 Valuation Allowance (223,630 ) 148,300 Income tax expense $ - $ - |
Schedule of deferred tax assets and liabilities | 2019 2018 Deferred tax assets: NOL carryover (1,947,750 ) (1,811,705 ) R & D credit 142,385 124,840 Depreciation 10,735 10,735 Deferred tax liabilities: - Less Valuation Allowance 1,794,630 1,676,130 Net deferred tax asset $ - $ - |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies (Details) - USD ($) | Sep. 30, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Summary of Significant Accounting Policies (Details) - Schedule of assets and liabilities measured at fair value on recurring basis [Line Items] | |||
Derivative Liability | $ 25,261,322 | $ 8,919,202 | $ 8,919,202 |
Total Liabilities measured at fair value | 25,261,322 | ||
Fair Value, Inputs, Level 1 [Member] | |||
Summary of Significant Accounting Policies (Details) - Schedule of assets and liabilities measured at fair value on recurring basis [Line Items] | |||
Derivative Liability | |||
Total Liabilities measured at fair value | |||
Fair Value, Inputs, Level 2 [Member] | |||
Summary of Significant Accounting Policies (Details) - Schedule of assets and liabilities measured at fair value on recurring basis [Line Items] | |||
Derivative Liability | |||
Total Liabilities measured at fair value | |||
Fair Value, Inputs, Level 3 [Member] | |||
Summary of Significant Accounting Policies (Details) - Schedule of assets and liabilities measured at fair value on recurring basis [Line Items] | |||
Derivative Liability | 25,261,322 | $ 8,919,202 | $ 14,032,942 |
Total Liabilities measured at fair value | $ 25,261,322 |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies (Details 1) | 12 Months Ended |
Dec. 31, 2019 | |
Machinery and Equipment [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Estimated useful lives | 10 years |
Computer Equipment [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Estimated useful lives | 5 years |
Summary of Significant Accoun_6
Summary of Significant Accounting Policies (Details 2) - USD ($) | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Accounting Policies [Abstract] | |||
Patents | $ 45,336 | $ 45,336 | $ 75,487 |
Write-off of abandoned patents | (30,151) | ||
Less accumulated amortization | (14,356) | (12,090) | (9,067) |
Patents, net | $ 30,980 | $ 33,246 | 36,269 |
Patents, Useful Lives | 15 years | 15 years | |
Intangible assets | $ 30,980 | $ 33,246 | $ 36,269 |
Summary of Significant Accoun_7
Summary of Significant Accounting Policies (Details 3) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | |
Accounting Policies [Abstract] | ||||||
Income (Loss) to common shareholders (Numerator) | $ (16,062,126) | $ (855,986) | $ (16,993,385) | $ 1,684,695 | $ 4,122,365 | $ (9,866,829) |
Basic weighted average number of common shares outstanding (Denominator) | 283,566,685 | 93,186,368 | 237,924,548 | 63,493,152 | 92,022,751 | 53,667,779 |
Diluted weighted average number of common shares outstanding (Denominator) | 283,566,685 | 93,186,368 | 237,924,548 | 63,493,152 | 679,815,020 | 53,667,779 |
Summary of Significant Accoun_8
Summary of Significant Accounting Policies (Details 4) - USD ($) | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Accounting Policies [Abstract] | |||
Beginning balance | $ 8,919,202 | $ 14,032,942 | $ 5,239,073 |
Fair value of derivative liabilities issued | 478,000 | 663,608 | 402,808 |
Loss on change in derivative liability | (15,864,120) | (5,777,348) | 8,391,061 |
Ending balance | $ 25,261,322 | $ 8,919,202 | $ 14,032,942 |
Summary of Significant Accoun_9
Summary of Significant Accounting Policies (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Dec. 22, 2017 | Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | |
Summary of Significant Accounting Policies (Textual) | |||||||
Outstanding stock options | 15,950,000 | ||||||
Tax settlement percentage, description | Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. | ||||||
Research and development costs | $ 34,750 | $ 60,471 | $ 118,582 | $ 180,604 | $ 264,687 | $ 239,607 | |
Depreciation expense | $ 4,623 | 3,080 | |||||
Corporate income tax rate | 21.00% | 21.00% | |||||
Amortization expense | $ 2,266 | $ 1,511 | $ 3,022 | ||||
Employee Stock Option [Member] | |||||||
Summary of Significant Accounting Policies (Textual) | |||||||
Expiration period | 7 years | 7 years | |||||
Antidilutive securities excluded from computation of earnings per share, amount | 15,950,000 | ||||||
Outstanding stock options | 15,950,000 | 15,950,000 | |||||
Stock options granted | 12,000,000 | ||||||
Stock options board of directors for services | $ 3,950,000 | ||||||
Employee Stock [Member] | |||||||
Summary of Significant Accounting Policies (Textual) | |||||||
Antidilutive securities excluded from computation of earnings per share, amount | 15,950,000 | 15,950,000 | |||||
Outstanding stock options | 15,950,000 | ||||||
Convertible Debt Securities [Member] | |||||||
Summary of Significant Accounting Policies (Textual) | |||||||
Antidilutive securities excluded from computation of earnings per share, amount | 2,759,704 | 2,602,220 | 2,854,033 | 2,478,260 |
Capital Stock (Details)
Capital Stock (Details) - USD ($) | 1 Months Ended | 9 Months Ended | 12 Months Ended | |||
Jan. 27, 2020 | Oct. 28, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | |
Capital Stock (Textual) | ||||||
Common stock issued | 235,197,440 | 50,016,700 | ||||
Aggregate fair value loss | $ 789,084 | |||||
Accrued interest | $ 2,650 | $ 61,115 | 53,083 | |||
Common stock, par value | $ 0.0001 | $ 0.0001 | $ 0.0001 | |||
Other fees | $ 4,750 | |||||
Capital stock, description | The Board of Directors granted 10,000,000 shares of preferred stock, par value $0.0001 per share, and authorized Series A Preferred stock consisting of one thousand (1,000) shares, which shall not be entitled to receive dividends paid on common stock, no liquidation preference, and no conversion rights. The Series A Preferred Stock will have voting rights for as long as the Series A Preferred Stock remains issued and outstanding, shall have the fifty-one percent (51%) majority voting power of the Company's shareholders.The Series A Preferred Stock shall be automatically redeemed at par value without any required action by the Company or the holder, and shall be triggered by the following events:(i) A date forty-five (45) days after the effective date of the certificate of designation.(ii) On the date that Mr. Lee ceases for any reason, to serve as officer, director or consultant of the Company.(iii) On the date that the Company's shares of common stock first trade on any national securities exchange. | |||||
Amount of debt conversion | $ 572,329 | $ 431,875 | ||||
Convertible Debt [Member] | ||||||
Capital Stock (Textual) | ||||||
Common stock issued | 73,273,212 | 19,154,257 | ||||
Aggregate fair value loss | $ 385,531 | |||||
Amount of debt conversion | $ 587,628 | 99,470 | ||||
Accrued interest | 74,006 | $ 36,153 | ||||
Other fees | $ 500 | |||||
Maximum [Member] | ||||||
Capital Stock (Textual) | ||||||
Increase authorized number of shares of common stock | 3,000,000,000 | |||||
Maximum [Member] | Convertible Debt [Member] | ||||||
Capital Stock (Textual) | ||||||
Common stock conversion price per share | $ 0.0285 | $ 0.0437 | $ 0.0172 | $ 0.048 | ||
Minimum [Member] | ||||||
Capital Stock (Textual) | ||||||
Increase authorized number of shares of common stock | 500,000,000 | |||||
Minimum [Member] | Convertible Debt [Member] | ||||||
Capital Stock (Textual) | ||||||
Common stock conversion price per share | $ 0.00140 | $ 0.0192 | $ 0.00495 | $ 0.0157 |
Stock Options (Details)
Stock Options (Details) - $ / shares | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | |
Number of Options | ||||
Outstanding as of the beginning of the periods | 15,950,000 | 15,950,000 | 15,950,000 | 15,975,000 |
Granted | ||||
Exercised | ||||
Expired | (25,000) | |||
Outstanding as of the end of the periods | 15,950,000 | 15,950,000 | 15,950,000 | 15,950,000 |
Exercisable as of the end of the periods | 15,950,000 | 15,950,000 | 15,950,000 | 15,950,000 |
Weighted average exercise price | ||||
Outstanding as of the beginning of the periods | $ 0.23 | $ 0.23 | $ 0.23 | $ 0.23 |
Granted | ||||
Exercised | ||||
Expired | 0.40 | |||
Outstanding as of the end of the periods | 0.23 | 0.23 | 0.23 | 0.23 |
Exercisable as of the end of the periods | $ 0.23 | $ 0.23 | $ 0.23 | $ 0.23 |
Stock Options (Details 1)
Stock Options (Details 1) - $ / shares | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | |
Schedule of weighted average remaining contractual life of options outstanding | ||||
Stock Options Outstanding | 15,950,000 | 15,950,000 | 15,950,000 | 15,950,000 |
Stock Options Exercisable | 15,950,000 | 15,950,000 | 15,950,000 | 15,950,000 |
Exercisable Prices One [Member] | ||||
Schedule of weighted average remaining contractual life of options outstanding | ||||
Exercisable Price | $ 0.09 | $ 0.09 | $ 0.09 | $ 0.09 |
Stock Options Outstanding | 2,450,000 | 2,450,000 | 2,450,000 | 2,450,000 |
Stock Options Exercisable | 2,450,000 | 2,450,000 | 2,450,000 | 2,450,000 |
Weighted Average Remaining Contractual Life (years) | 1 year 8 months 23 days | 2 years 8 months 23 days | 2 years 2 months 23 days | 3 years 2 months 23 days |
Exercisable Prices Two [Member] | ||||
Schedule of weighted average remaining contractual life of options outstanding | ||||
Exercisable Price | $ 0.26 | $ 0.26 | $ 0.26 | $ 0.26 |
Stock Options Outstanding | 13,500,000 | 13,500,000 | 13,500,000 | 13,500,000 |
Stock Options Exercisable | 13,500,000 | 13,500,000 | 13,500,000 | 13,500,000 |
Weighted Average Remaining Contractual Life (years) | 2 years 2 months 5 days | 3 years 2 months 5 days | 2 years 4 months 13 days | 3 years 8 months 2 days |
Stock Options (Details Textual)
Stock Options (Details Textual) - USD ($) | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | |
Stock Options [Member] | ||||
Stock Options (Textual) | ||||
Stock-based compensation expense | $ 0 | $ 0 | $ 0 | $ 0 |
Convertible Promissory Notes (D
Convertible Promissory Notes (Details) - USD ($) | Sep. 30, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Debt Disclosure [Abstract] | |||
Convertible Promissory Notes, net of debt discount | $ 2,487,888 | $ 2,598,336 | $ 2,470,810 |
Less current portion | 946,008 | 390,987 | 485,837 |
Total long-term liabilities | $ 1,541,880 | $ 2,207,349 | $ 1,984,973 |
Convertible Promissory Notes _2
Convertible Promissory Notes (Details 1) - USD ($) | Sep. 30, 2020 | Dec. 31, 2019 |
Debt Disclosure [Abstract] | ||
2020 | $ 390,987 | |
2021 | $ 1,217,824 | 685,000 |
2022 | 473,880 | 570,150 |
2023 | 993,000 | 927,199 |
2024 | 75,000 | 25,000 |
Total long-term debt | $ 2,759,704 | $ 2,598,336 |
Convertible Promissory Notes _3
Convertible Promissory Notes (Details Textual)) - USD ($) | Sep. 14, 2020 | Aug. 04, 2020 | Jul. 06, 2020 | Mar. 02, 2020 | Feb. 13, 2020 | Nov. 04, 2019 | Oct. 01, 2019 | Aug. 08, 2019 | Jul. 16, 2019 | May 02, 2014 | Aug. 17, 2020 | Jun. 22, 2020 | Apr. 28, 2020 | Jan. 27, 2020 | Jan. 23, 2020 | Dec. 20, 2019 | Dec. 20, 2019 | Nov. 04, 2019 | Oct. 01, 2019 | Aug. 29, 2019 | Jul. 16, 2019 | Feb. 28, 2019 | Feb. 28, 2019 | Jan. 17, 2019 | Jan. 30, 2015 | Jan. 30, 2015 | Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | Dec. 31, 2019 | Dec. 31, 2018 |
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Convertible promissory notes | $ 2,759,704 | $ 2,759,704 | ||||||||||||||||||||||||||||||
Debt discount | 271,816 | 271,816 | ||||||||||||||||||||||||||||||
Net balance | 2,487,888 | $ 2,487,888 | ||||||||||||||||||||||||||||||
Shares of common stock upon conversion (in Shares) | 235,197,440 | 50,016,700 | ||||||||||||||||||||||||||||||
Accrued interest | $ 2,650 | $ 61,115 | $ 53,083 | |||||||||||||||||||||||||||||
Net amount | 946,008 | 946,008 | $ 390,987 | $ 485,837 | ||||||||||||||||||||||||||||
Other fees | 4,750 | 4,750 | ||||||||||||||||||||||||||||||
Interest expense | 208,755 | $ 235,160 | 665,942 | $ 712,674 | 954,774 | $ 390,759 | ||||||||||||||||||||||||||
Convertible Debt [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Net amount | 2,598,336 | |||||||||||||||||||||||||||||||
2015-2018 Notes [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 2,500,000 | |||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | 10.00% | ||||||||||||||||||||||||||||||
Debt conversion, description | The Company issued various unsecured convertible promissory notes (the "2015-2018 Notes") in the aggregate amount of $2,500,000 on various dates from January 30, 2015 through January 17, 2019, the effective dates. The maturity dates of the 2015-2018 Notes were extended, and as result, mature on dates from January 30, 2023 thru January 17, 2024. The 2015-2018 Notes bear an interest rate of 10% per annum. The 2015-2018 Notes are convertible into shares of the Company's common stock at conversion prices ranging from the a) the lesser of $0.03 to $0.25 per share of common stock (subject to adjustment for stock splits, dividends, combinations and other similar transactions) or b) fifty percent (50%) of the lowest trade price recorded since the original effective date, or c) the lowest effective price per share granted to any person or entity after the effective date to acquire common stock. If the Borrower fails to deliver shares in accordance within the time frame of three (3) business days, the Lender, at any time prior to selling all of those shares, may rescind any portion, in whole or in part of that particular conversion attributable to the unsold shares and have the rescinded conversion amount returned to the Principal Sum with the rescinded conversion shares returned to the Borrower. In addition, for each conversion, in the event shares are not delivered by the fourth business day (inclusive of the day of conversion), a penalty of $1,500 per day shall be assessed for each day after the third business day (inclusive of the day of the conversion) until the shares are delivered. | Notes are convertible into shares of the Company's common stock at conversion prices ranging from the a) the lesser of $0.03 to $0.25 per share of common stock (subject to adjustment for stock splits, dividends, combinations and other similar transactions) or b) fifty percent (50%) of the lowest trade price recorded since the original effective date, or c) the lowest effective price per share granted to any person or entity after the effective date to acquire common stock. If the Borrower fails to deliver shares in accordance within the time frame of three (3) business days, the Lender, at any time prior to selling all of those shares, may rescind any portion, in whole or in part of that particular conversion attributable to the unsold shares and have the rescinded conversion amount returned to the Principal Sum with the rescinded conversion shares returned to the Borrower. In addition, for each conversion, in the event shares are not delivered by the fourth business day (inclusive of the day of conversion), a penalty of $1,500 per day shall be assessed for each day after the third business day (inclusive of the day of the conversion) until the shares are delivered. | ||||||||||||||||||||||||||||||
Accrued interest | 801 | |||||||||||||||||||||||||||||||
Remaining balance of note | 2,340,000 | $ 2,340,000 | ||||||||||||||||||||||||||||||
May 2014 Note [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 500,000 | |||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | |||||||||||||||||||||||||||||||
Debt conversion, description | Note is convertible into shares of the Company’s common stock at a conversion price of the lesser of a) $0.25 per share of common stock (subject to adjustment for stock splits, dividends, combinations and other similar transactions) or b) fifty percent (50%) of the average three (3) lowest trading prices of three (3) separate trading days recorded after the effective date, or c) the lowest effective price granted to any person or entity after the effective date to acquire common stock. If the Borrower fails to deliver shares in accordance with the time frame of three (3) business days, the Lender, at any time prior to selling all of those shares, may rescind any portion, in whole or in part of that particular conversion attributable to the unsold shares and have the rescinded conversion amount returned to the Principal Sum with the rescinded conversion shares returned to the Borrower. In addition, for each conversion, in the event shares are not delivered by the fourth business day (inclusive of the day of conversion), a penalty of $1,500 per day shall be assessed for each day after the third business day (inclusive of the day of the conversion) until the shares are delivered. The fair value of the May 2014 Note has been determined by using the Binomial lattice formula from the effective date of each tranche. During the nine months ended September 30, 2020, the Company issued 64,094,322 shares of common stock upon conversion of principal in the amount of $63,270, plus accrued interest of $34,963. The May 2014 Note was converted based on the terms of the agreement, and the Company did not recognize a gain or loss on the conversion in the financials. As of September 30, 2020, the remaining balance of the May 2014 Note was $34,880. | |||||||||||||||||||||||||||||||
Note maturity date, description | The May Note shall mature on May 2, 2022. | |||||||||||||||||||||||||||||||
Feb-Apr 2019 Notes [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Debt discount | $ 4,000 | $ 4,000 | ||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 107,000 | $ 107,000 | ||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | 10.00% | ||||||||||||||||||||||||||||||
Debt conversion, description | Notes may be converted into shares of the Company's common stock at a conversion price of sixty-one (61%) percent of the lowest one (1) day trading price during the fifteen (15)-trading-day period prior to the conversion date. The parties agree that if the shares of common stock issuable upon conversion of these Feb-Apr 2019 Notes are not delivered by the deadline, the Borrower shall pay to the holder of the Feb-Apr 2019 Notes $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Feb-Apr 2019 Notes was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Feb-Apr 2019 Notes. The fair value of the Feb-Apr 2019 Notes has been determined by using the Binomial lattice formula from the effective date of the notes. | |||||||||||||||||||||||||||||||
Shares of common stock upon conversion (in Shares) | 34,267,881 | |||||||||||||||||||||||||||||||
Shares of common stock upon conversion of principal amount | $ 72,384 | |||||||||||||||||||||||||||||||
Accrued interest | 6,351 | |||||||||||||||||||||||||||||||
Note maturity date, description | The Feb 2019 tranche was extended to August 22, 2020. The Apr 2019 Note matures on October 11, 2020. | |||||||||||||||||||||||||||||||
Net amount | $ 103,000 | $ 103,000 | ||||||||||||||||||||||||||||||
Other fees | 1,750 | $ 1,750 | ||||||||||||||||||||||||||||||
Interest expense | 21,801 | |||||||||||||||||||||||||||||||
July 2019 Note [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Debt discount | $ 3,000 | $ 3,000 | ||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 53,000 | $ 53,000 | ||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | 10.00% | ||||||||||||||||||||||||||||||
Debt conversion, description | The July 2019 Note bears interest at 10% per annum. The July 2019 Note may be converted into shares of the Company's common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if shares of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the July 2019 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the July 2019 Note. The fair value of the July 2019 Notes has been determined by using the Binomial lattice formula from the effective date of the notes. During the period ended September 30, 2020, the Company issued 8,248,918 shares of common stock upon conversion of principal in the amount of $53,000, plus interest of $2,650. The July 2019 Note was converted based on the terms of the agreement, and the Company did not recognize a gain or loss on conversion in the financials. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $28,672 during the nine months ended September 30, 2020. The July 2019 Note was fully converted as of September 30, 2020. | |||||||||||||||||||||||||||||||
Shares of common stock upon conversion (in Shares) | 8,248,918 | |||||||||||||||||||||||||||||||
Shares of common stock upon conversion of principal amount | $ 53,000 | |||||||||||||||||||||||||||||||
Accrued interest | 28,672 | |||||||||||||||||||||||||||||||
Note maturity date, description | The July 2019 Note matured on July 16, 2020. | |||||||||||||||||||||||||||||||
Net amount | $ 50,000 | $ 50,000 | ||||||||||||||||||||||||||||||
Interest expense | $ 2,650 | |||||||||||||||||||||||||||||||
UnsecuredConvertible Promissory Notes Five [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Debt discount | $ 2,000 | |||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 53,500 | |||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | |||||||||||||||||||||||||||||||
Accrued interest | 21,195 | |||||||||||||||||||||||||||||||
Remaining balance of note | 53,500 | |||||||||||||||||||||||||||||||
Net amount | $ 51,500 | |||||||||||||||||||||||||||||||
August 2019 Note [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Debt discount | 2,000 | |||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 53,500 | |||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | |||||||||||||||||||||||||||||||
Debt conversion, description | The August 2019 Note bears interest at 10% per annum. The August 2019 Note may be converted into shares of the Company's common stock at a conversion price of sixty-one (61%) percent of the lowest one (1) day trading price or lowest bid price during the fifteen (15) trading days prior to the conversion date. The parties agree that if shares of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the August 2019 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the August 2019 Note. | |||||||||||||||||||||||||||||||
Shares of common stock upon conversion (in Shares) | 21,000,000 | |||||||||||||||||||||||||||||||
Shares of common stock upon conversion of principal amount | $ 40,676 | |||||||||||||||||||||||||||||||
Remaining balance of note | 12,824 | 12,824 | ||||||||||||||||||||||||||||||
Note maturity date, description | The August 2019 Note shall mature on February 14, 2021. | |||||||||||||||||||||||||||||||
Net amount | $ 51,500 | |||||||||||||||||||||||||||||||
Other fees | 3,000 | 3,000 | ||||||||||||||||||||||||||||||
Interest expense | $ 32,305 | |||||||||||||||||||||||||||||||
UnsecuredConvertible Promissory Notes Six [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Debt discount | $ 3,000 | |||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 63,000 | |||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | |||||||||||||||||||||||||||||||
Debt conversion, description | The August 29, 2019 Note may be converted into shares of the Company's common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if shares of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the August 29, 2019 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the August 29, 2019 Note. | |||||||||||||||||||||||||||||||
Accrued interest | 12,507 | |||||||||||||||||||||||||||||||
Remaining balance of note | 63,000 | |||||||||||||||||||||||||||||||
Note maturity date, description | The August 29, 2019 Note matures on August 29, 2020. | |||||||||||||||||||||||||||||||
Net amount | $ 60,000 | |||||||||||||||||||||||||||||||
Oct 2019 Note [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Debt discount | $ 3,000 | $ 3,000 | ||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 63,000 | $ 63,000 | ||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | 10.00% | ||||||||||||||||||||||||||||||
Debt conversion, description | The Oct 2019 Note bears interest at 10% per annum. The Oct 2019 Note may be converted into shares of the Company's common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if shares of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Oct 2019 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Oct 2019 Note. | |||||||||||||||||||||||||||||||
Shares of common stock upon conversion (in Shares) | 28,413,462 | |||||||||||||||||||||||||||||||
Shares of common stock upon conversion of principal amount | $ 63,000 | |||||||||||||||||||||||||||||||
Accrued interest | $ 3,150 | |||||||||||||||||||||||||||||||
Note maturity date, description | The October 1, 2019 Note matures on October 1, 2020. | |||||||||||||||||||||||||||||||
Net amount | $ 60,000 | $ 60,000 | ||||||||||||||||||||||||||||||
Interest expense | 47,336 | |||||||||||||||||||||||||||||||
Unsecured Convertible Promissory Notes Eight [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Debt discount | 3,000 | 3,000 | ||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 63,000 | $ 63,000 | ||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | 10.00% | ||||||||||||||||||||||||||||||
Debt conversion, description | The Oct 2019 Note may be converted into shares of the Company's common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if delivery of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Oct 2019 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Oct 2019 Note. | |||||||||||||||||||||||||||||||
Accrued interest | 15,664 | |||||||||||||||||||||||||||||||
Remaining balance of note | $ 63,000 | |||||||||||||||||||||||||||||||
Net amount | $ 60,000 | $ 60,000 | ||||||||||||||||||||||||||||||
Nov 2019 Note [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Debt discount | $ 3,000 | $ 3,000 | ||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 58,000 | $ 500,000 | $ 58,000 | |||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | 10.00% | 10.00% | |||||||||||||||||||||||||||||
Debt conversion, description | The Nov 2019 Note may be converted into shares of the Company's common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if the shares of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. | |||||||||||||||||||||||||||||||
Shares of common stock upon conversion (in Shares) | 24,588,385 | |||||||||||||||||||||||||||||||
Shares of common stock upon conversion of principal amount | $ 58,000 | |||||||||||||||||||||||||||||||
Accrued interest | 2,900 | |||||||||||||||||||||||||||||||
Note maturity date, description | The November 4, 2019 Note matures on November 4, 2020. | |||||||||||||||||||||||||||||||
Net amount | $ 55,000 | $ 55,000 | ||||||||||||||||||||||||||||||
Interest expense | $ 48,967 | |||||||||||||||||||||||||||||||
Dec 2019 Note (Member) | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Debt discount | $ 3,000 | $ 3,000 | ||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 53,000 | $ 53,000 | ||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | 10.00% | ||||||||||||||||||||||||||||||
Debt conversion, description | Note may be converted into shares of the Company's common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if the shares of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. | |||||||||||||||||||||||||||||||
Shares of common stock upon conversion (in Shares) | 21,118,946 | |||||||||||||||||||||||||||||||
Shares of common stock upon conversion of principal amount | $ 53,000 | |||||||||||||||||||||||||||||||
Accrued interest | 2,650 | |||||||||||||||||||||||||||||||
Note maturity date, description | The December 20, 2019 Note matures on December 20, 2020. | |||||||||||||||||||||||||||||||
Net amount | $ 50,000 | $ 50,000 | ||||||||||||||||||||||||||||||
Interest expense | $ 51,407 | |||||||||||||||||||||||||||||||
Jan 23, 2020 Note [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Debt discount | $ 3,000 | |||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 53,000 | |||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | |||||||||||||||||||||||||||||||
Debt conversion, description | Note may be converted into shares of the Company's common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if the shares of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. | |||||||||||||||||||||||||||||||
Shares of common stock upon conversion (in Shares) | 12,320,494 | |||||||||||||||||||||||||||||||
Shares of common stock upon conversion of principal amount | $ 53,000 | |||||||||||||||||||||||||||||||
Accrued interest | 2,650 | |||||||||||||||||||||||||||||||
Note maturity date, description | The January 23, 2020 Note matures on January 23, 2021. | |||||||||||||||||||||||||||||||
Net amount | $ 50,000 | |||||||||||||||||||||||||||||||
Interest expense | 53,000 | |||||||||||||||||||||||||||||||
Feb 2020 Note [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Debt discount | $ 2,000 | |||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 53,500 | |||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | |||||||||||||||||||||||||||||||
Debt conversion, description | Note may be converted into shares of the Company's common stock at a conversion price of sixty-one (61%) percent of the lowest one (1) day trading price or lowest bid price during the fifteen (15) trading days prior to the conversion date. The parties agree that if the shares of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Feb 2020 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Feb 2020 Note. The fair value of the Feb 2020 Note has been determined by using the Binomial lattice formula from the effective date of the notes. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $33,474 during the nine months ended September 30, 2020. The Feb 2020 Note as of September 30, 2020 had a remaining balance of $53,500. | |||||||||||||||||||||||||||||||
Remaining balance of note | 53,500 | 53,500 | ||||||||||||||||||||||||||||||
Note maturity date, description | The Feb 2020 Note matures on February 13, 2021. | |||||||||||||||||||||||||||||||
Net amount | $ 51,500 | |||||||||||||||||||||||||||||||
Interest expense | 33,474 | |||||||||||||||||||||||||||||||
Apr 2020 Note [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Debt discount | $ 3,000 | |||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 53,000 | |||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | |||||||||||||||||||||||||||||||
Debt conversion, description | Note may be converted into shares of the Company's common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if the shares of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Apr 2020 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Apr 2020 Note. The fair value of the Apr 2020 Note has been determined by using the Binomial lattice formula from the effective date of the notes. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $22,507 during the nine months ended September 30, 2020. The Apr 2020 Note as of September 30, 2020 had a remaining balance of $53,000. | |||||||||||||||||||||||||||||||
Remaining balance of note | 53,000 | 53,000 | ||||||||||||||||||||||||||||||
Net amount | $ 50,000 | |||||||||||||||||||||||||||||||
Interest expense | 22,507 | |||||||||||||||||||||||||||||||
Jun 2020 Note [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Debt discount | $ 3,000 | |||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 53,000 | |||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | |||||||||||||||||||||||||||||||
Debt conversion, description | Note may be converted into shares of the Company's common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if delivery of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. | |||||||||||||||||||||||||||||||
Remaining balance of note | 53,000 | 53,000 | ||||||||||||||||||||||||||||||
Net amount | $ 50,000 | |||||||||||||||||||||||||||||||
Interest expense | 14,521 | |||||||||||||||||||||||||||||||
Jul 2020 Note [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Debt discount | $ 3,000 | |||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 53,000 | |||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | |||||||||||||||||||||||||||||||
Debt conversion, description | Note may be converted into shares of the Company's common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if delivery of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. | |||||||||||||||||||||||||||||||
Remaining balance of note | 53,000 | 53,000 | ||||||||||||||||||||||||||||||
Net amount | $ 50,000 | |||||||||||||||||||||||||||||||
Interest expense | 12,488 | |||||||||||||||||||||||||||||||
August 2020 Note [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Debt discount | $ 3,000 | $ 2,000 | ||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 53,000 | $ 53,500 | ||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | 10.00% | ||||||||||||||||||||||||||||||
Debt conversion, description | Note may be converted into shares of the Company's common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if delivery of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. | The Aug 2020 Note may be converted into shares of the Company's common stock at a conversion price of sixty-one (61%) percent of the lowest one (1) day trading price or lowest bid price during the fifteen (15) trading days prior to the conversion date. The parties agree that if the shares of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Aug 2020 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Aug 2020 Note. The fair value of the Aug 2020 Note has been determined by using the Binomial lattice formula from the effective date of the notes. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $33,474 during the nine months ended September 30, 2020. The Aug 2020 Note as of September 30, 2020 had a remaining balance of $53,500. | ||||||||||||||||||||||||||||||
Remaining balance of note | 53,000 | 53,000 | ||||||||||||||||||||||||||||||
Net amount | $ 50,000 | $ 51,500 | ||||||||||||||||||||||||||||||
Interest expense | 8,422 | |||||||||||||||||||||||||||||||
Sep 2020 Note [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Debt discount | $ 3,000 | |||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 53,000 | |||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | |||||||||||||||||||||||||||||||
Debt conversion, description | Note may be converted into shares of the Company's common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if delivery of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. | |||||||||||||||||||||||||||||||
Remaining balance of note | 53,000 | 53,000 | ||||||||||||||||||||||||||||||
Note maturity date, description | The September 14, 2020 Note matures on September 14, 2021. | |||||||||||||||||||||||||||||||
Interest expense | $ 50,000 | $ 8,422 | ||||||||||||||||||||||||||||||
May 2014 Note [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Shares of common stock upon conversion (in Shares) | 64,094,322 | 30,503,493 | ||||||||||||||||||||||||||||||
Shares of common stock upon conversion of principal amount | $ 63,270 | $ 109,010 | ||||||||||||||||||||||||||||||
Accrued interest | 34,963 | 51,807 | ||||||||||||||||||||||||||||||
Remaining balance of note | $ 34,880 | $ 34,880 | 98,150 | |||||||||||||||||||||||||||||
August 29, 2019 Note [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Debt discount | 3,000 | |||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 63,000 | |||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | |||||||||||||||||||||||||||||||
Shares of common stock upon conversion (in Shares) | 13,624,762 | |||||||||||||||||||||||||||||||
Shares of common stock upon conversion of principal amount | $ 63,000 | |||||||||||||||||||||||||||||||
Accrued interest | 3,150 | |||||||||||||||||||||||||||||||
Net amount | $ 60,000 | |||||||||||||||||||||||||||||||
Interest expense | $ 24,408 | |||||||||||||||||||||||||||||||
Mar 2020 Note [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Debt discount | $ 3,000 | |||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 53,000 | |||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | |||||||||||||||||||||||||||||||
Debt conversion, description | Note may be converted into shares of the Company's common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if the shares of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. | |||||||||||||||||||||||||||||||
Shares of common stock upon conversion (in Shares) | 7,520,270 | |||||||||||||||||||||||||||||||
Shares of common stock upon conversion of principal amount | $ 53,000 | |||||||||||||||||||||||||||||||
Accrued interest | 2,650 | |||||||||||||||||||||||||||||||
Note maturity date, description | The March 2, 2020 Note matures on March 2, 2021. | |||||||||||||||||||||||||||||||
Net amount | $ 50,000 | |||||||||||||||||||||||||||||||
Interest expense | $ 53,000 | |||||||||||||||||||||||||||||||
UnsecuredConvertible Promissory Notes Four [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Debt discount | 3,000 | 3,000 | ||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 53,000 | $ 53,000 | ||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | 10.00% | ||||||||||||||||||||||||||||||
Debt conversion, description | The July 2019 Note bears interest at 10% per annum. The July 2019 Note may be converted into shares of the Company's common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if delivery of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the July 2019 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the July 2019 Note. | |||||||||||||||||||||||||||||||
Accrued interest | 24,328 | |||||||||||||||||||||||||||||||
Remaining balance of note | $ 53,000 | |||||||||||||||||||||||||||||||
Note maturity date, description | The July 2019 Note matures on July 16, 2020. | |||||||||||||||||||||||||||||||
Net amount | $ 50,000 | $ 50,000 | ||||||||||||||||||||||||||||||
UnsecuredConvertible Promissory Notes Three [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Debt discount | 4,000 | 4,000 | ||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 107,000 | $ 107,000 | ||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | 10.00% | ||||||||||||||||||||||||||||||
Debt conversion, description | The Feb-Apr 2019 Notes bears interest at 10% per annum. The Feb-Apr 2019 Notes may be converted into shares of the Company's common stock at a conversion price of sixty-one (61%) percent of the lowest one (1) day trading price or lowest bid price during the fifteen (15) trading days prior to the conversion date. The parties agree that if delivery of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Feb-Apr 2019 Notes was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Feb-Apr 2019 Notes. | |||||||||||||||||||||||||||||||
Shares of common stock upon conversion (in Shares) | 3,250,000 | |||||||||||||||||||||||||||||||
Shares of common stock upon conversion of principal amount | $ 34,616 | |||||||||||||||||||||||||||||||
Accrued interest | 85,199 | |||||||||||||||||||||||||||||||
Remaining balance of note | 72,384 | |||||||||||||||||||||||||||||||
Note maturity date, description | The Feb-Apr 2019 Notes matures on dates from February 25, 2020 and April 5, 2020. | |||||||||||||||||||||||||||||||
Net amount | $ 103,000 | $ 103,000 | ||||||||||||||||||||||||||||||
UnsecuredConvertible Promissory Notes Eleven [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 2,500,000 | |||||||||||||||||||||||||||||||
Unsecured Convertible Promissory Notes Nine [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Debt discount | 3,000 | 3,000 | ||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 53,000 | $ 53,000 | ||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | 10.00% | ||||||||||||||||||||||||||||||
Debt conversion, description | The Nov 2019 Note bears interest at 10% per annum. The Nov 2019 Note may be converted into shares of the Company's common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if delivery of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Nov 2019 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Nov 2019 Note. | |||||||||||||||||||||||||||||||
Accrued interest | 9,033 | |||||||||||||||||||||||||||||||
Remaining balance of note | 53,000 | |||||||||||||||||||||||||||||||
Note maturity date, description | The November 4, 2019 Note matures on November 4, 2020. | |||||||||||||||||||||||||||||||
Net amount | $ 50,000 | $ 50,000 | ||||||||||||||||||||||||||||||
UnsecuredConvertible Promissory Notes One [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Convertible promissory notes | $ 2,340,000 | $ 2,340,000 | ||||||||||||||||||||||||||||||
Debt discount | 120,753 | |||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | 10.00% | ||||||||||||||||||||||||||||||
Debt conversion, description | Notes are convertible into shares of the Company’s common stock at conversion prices ranging from the a) the lesser of $0.03 to $0.25 per share of common stock (subject to adjustment for stock splits, dividends, combinations and other similar transactions) or b) fifty percent (50%) of the lowest trade price recorded since the original effective date, or c) the lowest effective price per share granted to any person or entity after the effective date to acquire common stock. If the Borrower fails to deliver shares in accordance within the time frame of three (3) business days, the Lender, at any time prior to selling all of those shares, may rescind any portion, in whole or in part of that particular conversion attributable to the unsold shares and have the rescinded conversion amount returned to the Principal Sum with the rescinded conversion shares returned to the Borrower. In addition, for each conversion, in the event shares are not delivered by the fourth business day (inclusive of the day of conversion), a penalty of $1,500 per day shall be assessed for each day after the third business day (inclusive of the day of the conversion) until the shares are delivered. | |||||||||||||||||||||||||||||||
Remaining balance of note | 2,340,000 | |||||||||||||||||||||||||||||||
Note maturity date, description | The 2015-2019 Notes mature on dates from January 30, 2020 through January 17, 2024. The 2015-2019 Notes bears interest at 10% per annum. | |||||||||||||||||||||||||||||||
Unsecured Convertible Promissory Notes Ten [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Debt discount | 3,000 | 3,000 | ||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 53,000 | $ 53,000 | ||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | 10.00% | ||||||||||||||||||||||||||||||
Debt conversion, description | The Dec 2019 Note bears interest at 10% per annum. The Dec 2019 Note may be converted into shares of the Company's common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) day closing bid prices during the fifteen (15) trading days prior to the conversion date. The parties agree that if delivery of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Dec 2019 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Dec 2019 Note. | |||||||||||||||||||||||||||||||
Accrued interest | 1,593 | |||||||||||||||||||||||||||||||
Remaining balance of note | 53,000 | |||||||||||||||||||||||||||||||
Note maturity date, description | The December 20, 2019 Note matures on December 20, 2020. | |||||||||||||||||||||||||||||||
Net amount | $ 50,000 | $ 50,000 | ||||||||||||||||||||||||||||||
Unsecured Convertible Promissory Note Two [Member] | ||||||||||||||||||||||||||||||||
Convertible Promissory Notes (Textual) | ||||||||||||||||||||||||||||||||
Debt discount | 383,540 | |||||||||||||||||||||||||||||||
Unsecured convertible promissory note | $ 444,000 | |||||||||||||||||||||||||||||||
Note bears interest rate | 10.00% | |||||||||||||||||||||||||||||||
Debt conversion, description | The Jul-Jun 2019 Notes bears interest at 10% per annum. The Jul-Jun 2019 Notes may be converted into shares of the Company's common stock at a conversion price of sixty-one (61%) percent of the lowest average two (2) closing bid prices during the fifteen (15) trading day prior to the conversion date. The parties agree that if delivery of the common stock issuable upon conversion of these Notes are not delivered by the deadline, the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the deadline that the Borrower fails to deliver such common stock. The conversion feature of the Jul-Jun 2019 Note was considered a derivative in accordance with current accounting guidelines because of the reset conversion features of the Jul-Jun 2019 Notes. | |||||||||||||||||||||||||||||||
Shares of common stock upon conversion (in Shares) | 39,519,719 | |||||||||||||||||||||||||||||||
Shares of common stock upon conversion of principal amount | $ 444,000 | |||||||||||||||||||||||||||||||
Accrued interest | 22,200 | |||||||||||||||||||||||||||||||
Remaining balance of note | $ 0 | |||||||||||||||||||||||||||||||
Note maturity date, description | The Jul-Jun 2019 Notes matures on dates from July 23, 2019 thru June 3, 2020. |
Derivative Liabilities (Details
Derivative Liabilities (Details) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2020 | Dec. 31, 2019 | |
Expected dividend yield | ||
Minimum [Member] | ||
Risk free interest rate | 0.12% | 1.55% |
Stock volatility factor | 153.00% | 63.00% |
Weighted average expected option life | 6 months | 6 months |
Maximum [Member] | ||
Risk free interest rate | 0.28% | 1.69% |
Stock volatility factor | 246.00% | 159.00% |
Weighted average expected option life | 5 years | 5 years |
Derivative Liabilities (Detai_2
Derivative Liabilities (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
Jan. 27, 2020 | Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Derivative Liabilities (Textual) | ||||||||
Fair value of the conversion feature | $ 478,000 | |||||||
Amount of debt conversion | 572,329 | |||||||
Fair value loss on the conversion of debt | $ (385,531) | |||||||
Fair value of the derivative liability | 25,261,322 | 25,261,322 | 8,919,202 | $ 14,032,942 | $ 5,239,073 | |||
Accrued interest | $ 2,650 | 61,115 | $ 53,083 | |||||
Other fees | $ 4,750 | $ 4,750 | ||||||
Convertible Debt [Member] | ||||||||
Derivative Liabilities (Textual) | ||||||||
Fair value of the conversion feature | 663,608 | |||||||
Amount of debt conversion | 587,628 | |||||||
Fair value loss on the conversion of debt | 1,056,558 | |||||||
Accrued interest | 74,006 | |||||||
Other fees | 500 | |||||||
Gain in net change derivative | $ 4,720,790 |
Commitments and Contingencies (
Commitments and Contingencies (Details) - USD ($) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2020 | Dec. 31, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | ||
Monthly rent payment | $ 550 | $ 550 |
Income Taxes (Details)
Income Taxes (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Income Tax Disclosure [Abstract] | ||
Book Income (Loss) | $ 1,236,710 | $ (2,072,035) |
Depreciation | (230) | 125 |
Meals and entertainment | 95 | (1,060) |
Non-deductible non-cash charges | (1,012,945) | 1,924,670 |
Valuation Allowance | (223,630) | 148,300 |
Income tax expense |
Income Taxes (Details 1)
Income Taxes (Details 1) - USD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
Deferred tax assets: | ||
NOL carryover | $ (1,947,750) | $ (1,811,705) |
R & D credit | 142,385 | 124,840 |
Depreciation | 10,735 | 10,735 |
Deferred tax liabilities: | ||
Less Valuation Allowance | 1,794,630 | 1,676,130 |
Net deferred tax asset |
Income Taxes (Details Textual)
Income Taxes (Details Textual) - USD ($) | 1 Months Ended | 12 Months Ended | |
Dec. 22, 2017 | Dec. 31, 2019 | Dec. 31, 2018 | |
Income Taxes (Textual) | |||
U.S. statutory federal income tax rate | 30.00% | 30.00% | |
Operating loss carry-forwards | $ 9,275,000 | ||
Minimum [Member] | |||
Income Taxes (Textual) | |||
U.S. statutory federal income tax rate | 21.00% | ||
Maximum [Member] | |||
Income Taxes (Textual) | |||
U.S. statutory federal income tax rate | 35.00% |
Related Party Transaction (Deta
Related Party Transaction (Details) - USD ($) | 12 Months Ended | |||
Dec. 31, 2019 | Sep. 30, 2020 | Oct. 28, 2019 | Dec. 31, 2018 | |
Related Party Transaction (Textual) | ||||
Preferred stock shares issued | ||||
Preferred stock par value | ||||
Preferred stock, shares outstanding | ||||
Preferred Class A [Member] | ||||
Related Party Transaction (Textual) | ||||
Preferred stock shares issued | 1,000 | |||
Preferred stock par value | $ 20 | |||
Related party transaction, description | The Series A Preferred Stock had a fifty-one (51%) voting right only and was redeemed at par value on December 12, 2019. | |||
Preferred stock, shares outstanding |
Subsequent Events (Details)
Subsequent Events (Details) - USD ($) | Nov. 02, 2020 | Oct. 12, 2020 | Oct. 08, 2020 | Mar. 06, 2020 | Mar. 03, 2020 | Mar. 02, 2020 | Feb. 13, 2020 | Jan. 23, 2020 | Oct. 30, 2020 | Oct. 28, 2020 | Feb. 25, 2020 | Jan. 27, 2020 | Jan. 24, 2020 | Jan. 21, 2020 | Jan. 16, 2020 | Oct. 28, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | Oct. 13, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Subsequent Event [Line Items] | |||||||||||||||||||||
Principal amount | $ 15,000 | $ 12,000 | $ 15,000 | $ 10,120 | $ 11,000 | $ 15,000 | $ 12,000 | $ 7,802 | |||||||||||||
Other fees | $ 250 | $ 250 | |||||||||||||||||||
Conversion of common stock, description | The Board of Directors granted 10,000,000 shares of preferred stock, par value $0.0001 per share, and authorized Series A Preferred stock consisting of one thousand (1,000) shares, which shall not be entitled to receive dividends paid on common stock, no liquidation preference, and no conversion rights. The Series A Preferred Stock will have voting rights for as long as the Series A Preferred Stock remains issued and outstanding, shall have the fifty-one percent (51%) majority voting power of the Company's shareholders.The Series A Preferred Stock shall be automatically redeemed at par value without any required action by the Company or the holder, and shall be triggered by the following events:(i) A date forty-five (45) days after the effective date of the certificate of designation.(ii) On the date that Mr. Lee ceases for any reason, to serve as officer, director or consultant of the Company.(iii) On the date that the Company's shares of common stock first trade on any national securities exchange. | ||||||||||||||||||||
Common stock upon conversion issued, shares | 2,542,373 | 1,967,213 | 2,142,857 | 2,000,000 | 2,166,667 | 2,272,727 | 1,666,667 | 1,200,000 | |||||||||||||
Subsequent event, description | The Agreement is for a term of 21 months, with three phases of development. However, the parties may extend the term for additional periods as may be mutually agreed to. Either party upon 30 days' notice may terminate the Agreement. Phase 1 of the project is expected to run for 9 months with estimated cost to the Company of $90,000, with Phase 2 estimated for last 6 months, with estimated cost of $100,000, and the final, Phase 3, expected to run for 6 months at an estimated cost of $100,000. | The Company entered into a convertible promissory note with an investor providing for the sale by the Company of a 10% unsecured convertible note (the “February 2020 Note”) in the principal amount of $53,000. The March 2020 Note is convertible into shares of common stock of the Company at a price equal to a variable conversion price of 61% of the average of the two lowest (1) day trading prices for common stock during the fifteen (15) trading day period prior to the conversion date. | The Company entered into a convertible promissory note with an investor providing for the sale by the Company of a 10% unsecured convertible note (the "February 2020 Note") in the principal amount of $53,500. The February 2020 Note is convertible into shares of common stock of the Company at a price equal to a variable conversion price of 61% of the average of the two lowest (1) day trading prices for common stock during the fifteen (15) trading day period prior to the conversion date. | The Company entered into a convertible promissory note with an investor providing for the sale by the Company of a 10% unsecured convertible note (the "January 2020 Note") in the principal amount of $53,000. The January 2020 Note is convertible into shares of common stock of the Company at a price equal to a variable conversion price of 61% of the average of the two lowest (1) day trading prices for common stock during the fifteen (15) trading day period prior to the conversion date. | |||||||||||||||||
Accrued interest | $ 2,650 | $ 61,115 | $ 53,083 | ||||||||||||||||||
Common stock, par value | $ 0.0001 | $ 0.0001 | $ 0.0001 | ||||||||||||||||||
Common stock, shares authorized | 3,000,000,000 | 3,000,000,000 | 3,000,000,000 | ||||||||||||||||||
Subsequent Event [Member] | |||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||
Principal amount | $ 53,000 | $ 15,940 | $ 33,000 | ||||||||||||||||||
Common stock upon conversion issued, amount | 17,171,727 | ||||||||||||||||||||
Accrued interest | $ 9,245 | ||||||||||||||||||||
Maturity date | Oct. 1, 2023 | ||||||||||||||||||||
Fund amount received | $ 25,000 | ||||||||||||||||||||
Net Funds | 50,000 | ||||||||||||||||||||
other fees | $ 3,000 | ||||||||||||||||||||
Subsequent Event [Member] | Common Stock [Member] | |||||||||||||||||||||
Subsequent Event [Line Items] | |||||||||||||||||||||
Principal amount | $ 20,000 | ||||||||||||||||||||
Common stock upon conversion issued, amount | 8,695,122 | $ 3,921,569 | |||||||||||||||||||
Accrued interest | $ 2,650 |