v3.22.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table shows the change in the fair value of the derivative liabilities on all outstanding convertible debt at March 31, 2022 and at March 31, 2021:

 

Description

 

March 31, 2022

   

March 31, 2021

 

Purchase price of the convertible debenture - net of discount

  $ 125,000     $ 80,000  

Purchase during period

    35,000       0  

Total convertible debt

    160,000       80,000  

Valuation of derivative during prior period

    99,034       0  

Valuation of derivative during current period net of expenses

    148,063       151,667  

Balance of derivative liability net of discount on the notes (See Consolidated Balance sheet liabilities)

  $ 407,097     $ 231,667  
                 

Derivative calculations and presentations on the Statement of Operations

               

Loss on note issuance

  $ 0     $ 0  

Change in Derivative (Gain) Loss

    135,879       0  

Derivative Finance fees

    34,361       49,623  

Gain (loss) on extinguishment of debt

    0       0  

Derivative expense charged to operations in 2022 and 2021 (See Consolidated Statement of Operations)

  $ 170,240     $ 49,623