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Fair Value of Financial Instruments
 9 Months Ended
Sep. 30, 2021
Investments, All Other Investments [Abstract]  
Fair Value of Financial Instruments

Note 7 – Fair Value of Financial Instruments

 

The Company evaluates its financial assets and liabilities subject to fair value measurements on a recurring basis to determine the appropriate level in which to classify them for each reporting period. This determination requires significant judgments to be made.

 

Liabilities measured at fair value on a recurring basis consisted of the following at September 30, 2021 and December 31, 2020:

Schedule of Liabilities Measured Fair Value on Recurring Basis 

   September 30, 2021  

Quoted Prices in

Active Markets for Identical Assets

(Level 1)

  

Significant Other

Observable

Inputs

(Level 2)

  

Significant Unobservable Inputs

(Level 3)

 
                     
Derivative liabilities  $1,567,508   $-   $-   $1,567,508 

 

 

   December 31, 2020  

Quoted Prices in Active Markets for

Identical Assets

(Level 1)

  

Significant Other Observable

Inputs

(Level 2)

  

Significant Unobservable Inputs

(Level 3)

 
Derivative liabilities  $1,357,528   $-   $-   $1,357,528