Annual report pursuant to Section 13 and 15(d)

Fair Value Measurement (Tables)

v3.21.2
Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2020
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, 2020:

Debt

Derivative

Balance, December 31, 2019 $ 5,693,071
Increase resulting from initial issuances of additional convertible notes payable 1,714,442
Decreases resulting from conversion or payoff of convertible notes payable (7,679,528 )
Loss due to change in fair value included in earnings 4,698,072
Balance, December 31, 2020 $ 4,426,057