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Capital Structure (Tables) | 12 Months Ended
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Dec. 31, 2020
Stockholders' Equity Note [Abstract] |
Schedule of weighted average valuation |
|  | Warrants |  |  | Expense |  |  | Valuation |
Grant Date |  | Granted |  |  | Recorded |  |  | Per Warrant |
January 31, 2020 |  |  | 40,000 |  |  | $ | 16,503 |  |  | $ | 0.41 |
February 29, 2020 |  |  | 40,000 |  |  | $ | 18,727 |  |  | $ | 0.47 |
March 31, 2020 |  |  | 40,000 |  |  | $ | 8,769 |  |  | $ | 0.22 |
April 30, 2020 |  |  | 40,000 |  |  | $ | 25,412 |  |  | $ | 0.64 |
May 31, 2020 |  |  | 40,000 |  |  | $ | 33,388 |  |  | $ | 0.83 |
June 30, 2020 |  |  | 40,000 |  |  | $ | 36,681 |  |  | $ | 0.92 |
July 31, 2020 |  |  | 40,000 |  |  | $ | 29,587 |  |  | $ | 0.74 |
August 31, 2020 |  |  | 40,000 |  |  | $ | 46,744 |  |  | $ | 1.17 |
September 30, 2020 |  |  | 40,000 |  |  | $ | 43,229 |  |  | $ | 1.08 |
October 31,2020 |  |  | 40,000 |  |  | $ | 37,414 |  |  | $ | 0.94 |
November 30, 2020 |  |  | 40,000 |  |  | $ | 45,883 |  |  | $ | 1.15 |
December 31, 2020 |  |  | 40,000 |  |  | $ | 65,157 |  |  | $ | 1.63 |
|  |  | 480,000 |  |  | $ | 407,494 |  |  | $ | 0.85 |
Schedule of outstanding stock warrants |
|  |  | Common |  |  | Series 2 Preferred |  |  | Weighted Average
Exercise |  |  | Stock Warrants |  |  | Stock Warrants |  |  | Remaining
Price |  |  | Outstanding |  |  | Outstanding |  |  | Contractual Life
$ | 1.25 |  |  |  | 1,215,184 |  |  |  |  |  |  | 3 years
$ | 1.34 |  |  |  | 40,000 |  |  |  |  |  |  | 3 years
$ | 1.40 |  |  |  | 40,000 |  |  |  |  |  |  | 3 years
$ | 1.54 |  |  |  | 40,000 |  |  |  |  |  |  | 3 years
$ | 1.62 |  |  |  | 40,000 |  |  |  |  |  |  | 3 years
$ | 1.68 |  |  |  | 40,000 |  |  |  |  |  |  | 4 years
$ | 1.69 |  |  |  | 40,000 |  |  |  |  |  |  | 3 years
$ | 1.74 |  |  |  | 40,000 |  |  |  |  |  |  | 3 years
$ | 1.76 |  |  |  | 40,000 |  |  |  |  |  |  | 3 years
$ | 1.91 |  |  |  | 40,000 |  |  |  |  |  |  | 3 years
$ | 1.95 |  |  |  | 40,000 |  |  |  |  |  |  | 4 years
$ | 2.00 |  |  |  | 40,000 |  |  |  |  |  |  | 3 years
$ | 2.01 |  |  |  | 40,000 |  |  |  |  |  |  | 3 years
$ | 2.08 |  |  |  | 40,000 |  |  |  |  |  |  | 4 years
$ | 2.45 |  |  |  | 40,000 |  |  |  |  |  |  | 3 years
$ | 2.53 |  |  |  | 40,000 |  |  |  |  |  |  | 3 years
$ | 2.57 |  |  |  | 40,000 |  |  |  |  |  |  | 4 years
$ | 2.78 |  |  |  | 40,000 |  |  |  |  |  |  | 3 years
$ | 2.93 |  |  |  | 40,000 |  |  |  |  |  |  | 3 years
$ | 5.50 |  |  |  | 177,304 |  |  |  |  |  |  | 2 years
$ | 1,250 |  |  |  | - |  |  |  | 439 | * |  | 3 years
|  |  |  |  | 2,112,488 |  |  |  | 439 |  |  |
* | At December 31, 2020, the above warrants were convertible into 116,903 shares of common stock

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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 + Details
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