Annual report pursuant to Section 13 and 15(d)

Fair Value Measurement (Tables)

v3.20.1
Fair Value Measurement (Tables)
 12 Months Ended
Dec. 31, 2019
Disclosure Derivative Liabilities Tables Abstract
Summary of Changes in Fair Value of Derivative Liabilities

The following table provides a summary of changes in fair value of the Company’s Level 3 financial liabilities for the year ended December 31, 2019:

Debt

Derivative
Balance, December 31, 2018 $ 2,256,631
Increase resulting from initial issuances of additional convertible notes payable 2,895,717
Decreases resulting from conversion or payoff of convertible notes payable (1,582,847 )
Mark-to-market at December 31, 2019 2,123,570
Balance, December 31, 2019 $ 5,693,071
Net change in fair value included in earnings related to derivative liabilities during the year ended December 31, 2019 $ 2,123,570