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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Liabilities Measured on Recurring Basis
Schedule of Fair Value of Liabilities Measured on Recurring Basis                      
          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  

 

The following table summarizes the change in the Company’s financial assets and liabilities measured at fair value as of June 30, 2021:

 

          Fair Value Measurements at Reporting Date Using  
          Quoted prices in   Significant
Other
     Significant  
          Active Markets for   Observable      Unobservable  
          Identical Assets   Inputs      Inputs  
Description    06/30/2021     (Level l)   (Level 2)      (Level 3)  
Convertible promissory notes with embedded conversion option   $ 2,747,418                   $ 2,747,418  
Total   $ 2,747,418                   $ 2,747,418  
Schedule of Changes in Derivative Liabilities at Fair Value
Schedule of Changes in Derivative Liabilities at Fair Value     
Beginning balance, January 1, 2021  $2,298,820 
Change in fair value of embedded conversion features of convertible promissory notes included in earnings   448,598 
Embedded conversion option liability recorded in connection with the issuance of convertible promissory notes      
Ending balance, June 30, 2021  $2,747,418