Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Liabilities Measured on Recurring Basis

The following table summarizes the change in the Company’s financial assets and liabilities measured at fair value as of December 31, 2019:

			Fair Value Measurements at Reporting Date Using
			Quoted prices in	Significant Other	Significant
			Active Markets for	Observable	Unobservable
			Identical Assets	Inputs	Inputs
Description	12/31/2019		(Level l)	(Level 2)	(Level 3)
Convertible promissory notes with embedded conversion option	$	2,191,745	—	—	$	2,191,745
Total	$	2,191,745	—	—	$	2,191,745

The following table summarizes the change in the Company’s financial assets and liabilities measured at fair value as of December 31, 2020:

			Fair Value Measurements at Reporting Date Using
			Quoted prices in	Significant Other	Significant
			Active Markets for	Observable	Unobservable
			Identical Assets	Inputs	Inputs
Description	12/31/2020		(Level l)	(Level 2)	(Level 3)
Convertible promissory notes with embedded conversion option	$	2,298,820	—	—		2,298,820
Total	$	2,298,820	—	—		2,298,820

Schedule of Changes in Derivative Liabilities at Fair Value

The following table sets forth a summary of change in fair value of our derivative liabilities for the years ended December 31, 2020 and 2019:

Beginning balance, January 1, 2019	$	1,899,209
Change in fair value of embedded conversion features of convertible promissory notes included in earnings	$	292,536
Embedded conversion option liability recorded in connection with the issuance of convertible promissory notes	$	—
Ending balance, December 31, 2019	$	2,191,745
Change in fair value of embedded conversion features of convertible promissory notes included in earnings	$	(104,386	)
Embedded conversion option liability recorded in connection with the issuance of convertible promissory notes	$	211,461
Ending balance, December 31, 2020	$	2,298,820