Annual report pursuant to Section 13 and 15(d)

Fair Value Measurement (Tables)

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:






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