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Fair Value of Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2022
Fair Value Disclosures [Abstract] |
Valuation of financial instruments at fair value |
Valuation of financial instruments at fair value |  |  |  |  |  |  |  |  |  |  |  |
|  | Fair Value Measurements at September 30, 2022 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 1,374,816 |  |  | $ | – |  |  | $ | – |
Intangible assets |  |  | – |  |  |  | 310,173 |  |  |  | – |
Goodwill |  |  | – |  |  |  | 4,887,297 |  |  |  | – |
Total assets |  |  | 1,374,816 |  |  |  | 5,197,470 |  |  |  | – |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Notes payable, related parties, net of $2,777,036 of debt discounts |  |  | – |  |  |  | 3,167,964 |  |  |  | – |
Notes payable, net of $373,383 of debt discounts |  |  | – |  |  |  | 356,617 |  |  |  | – |
Total liabilities |  |  | – |  |  |  | 3,524,581 |  |  |  | – |
|  | $ | 1,374,816 |  |  | $ | 1,672,889 |  |  | $ | – |
|  | Fair Value Measurements at December 31, 2021 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 3,345,928 |  |  | $ | – |  |  | $ | – |
Intangible assets |  |  | – |  |  |  | 304,244 |  |  |  | – |
Goodwill |  |  | – |  |  |  | 4,887,297 |  |  |  | – |
Total assets |  |  | 3,345,928 |  |  |  | 5,191,541 |  |  |  | – |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Notes payable, related parties, net of $699,213 of debt discounts |  |  | – |  |  |  | 1,375,787 |  |  |  | – |
Notes payable |  |  | – |  |  |  | 150,000 |  |  |  | – |
Total liabilities |  |  | – |  |  |  | 1,525,787 |  |  |  | – |
|  | $ | 3,345,928 |  |  | $ | (3,665,754 | ) |  | $ | – |

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- References No definition available. + Details
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