v3.22.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of fair value measurements

 

 

Fair Value Measurement 

 

 

 

Carrying Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

As of December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities, debt and equity instruments

 

$138,622

 

 

 

-

 

 

 

-

 

 

$138,622

 

As of December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities, debt and equity instruments

 

$238,395

 

 

 

-

 

 

 

-

 

 

$238,395

 

Schedule of Level 3 assets measured at fair value

Balance, December 31, 2019

 

$72,904

 

Changes in fair value of derivative

 

 

(165,491 )

Balance, December 31, 2020

 

$238,395

 

Change in fair value of derivative

 

 

99,775

 

Balance, December 31, 2021

 

$138,622