Convertible Notes and Derivative Liability (Related and Unrelated Party)	3 Months Ended
Mar. 31, 2022
Convertible Notes And Derivative Liability
Convertible Notes and Derivative Liability (Related and Unrelated Party)	Note 4. Convertible Notes and Derivative Liability (Related and Unrelated Party) In 2018, the Company issued Milestone I and Milestone II Convertible Notes, which were repaid and converted in the second quarter of 2021. The Milestone II Convertible Notes contained variable conversion provisions based on the future price of the Company’s common stock, resulting in the potential issuance of an indeterminate number of shares of common stock upon conversion. The Company measured the fair value of the derivative resulting from the variable conversion provisions each reporting period. The fair value was reported as a derivative liability and the change in value of $16,787 was recorded as a gain in the accompanying condensed consolidated statement of operations for the three months ended March 31, 2021.

Convertible Notes and Derivative Liability (Related and Unrelated Party)

3 Months Ended

Mar. 31, 2022

Convertible Notes And Derivative Liability

Convertible Notes and Derivative Liability (Related and Unrelated Party)

Note 4. Convertible Notes and Derivative Liability (Related and Unrelated Party)

In 2018, the Company issued Milestone I and Milestone II Convertible Notes, which were repaid and converted in the second quarter of 2021.

The Milestone II Convertible Notes contained variable conversion provisions based on the future price of the Company’s common stock, resulting in the potential issuance of an indeterminate number of shares of common stock upon conversion. The Company measured the fair value of the derivative resulting from the variable conversion provisions each reporting period. The fair value was reported as a derivative liability and the change in value of $16,787 was recorded as a gain in the accompanying condensed consolidated statement of operations for the three months ended March 31, 2021.