Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments

v3.21.2
Fair Value of Financial Instruments
6 Months Ended
Jun. 30, 2021
Investments, All Other Investments [Abstract]  
Fair Value of Financial Instruments

Note 7 – Fair Value of Financial Instruments

 

The Company evaluates its financial assets and liabilities subject to fair value measurements on a recurring basis to determine the appropriate level in which to classify them for each reporting period. This determination requires significant judgments to be made.

 

Liabilities measured at fair value on a recurring basis consisted of the following at June 30, 2021 and December 31, 2020:

          Quoted Prices in     Significant Other     Significant  
          Active Markets for     Observable     Unobservable  
          Identical Assets     Inputs     Inputs  
    June 30, 2021     (Level 1)     (Level 2)     (Level 3)  
                                 
Derivative liabilities   $ 1,459,167     $ -     $ -     $ 1,459,167  

 

          Quoted Prices in     Significant Other     Significant  
          Active Markets for     Observable     Unobservable  
          Identical Assets     Inputs     Inputs  
    December 31, 2020     (Level 1)     (Level 2)     (Level 3)  
                                 
Derivative liabilities   $ 1,357,528     $ -     $ -     $ 1,357,528