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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Assets and liabilities measured at fair value

Description

 

Quoted

Prices in

Active

Markets for

Identical Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant Unobservable

Inputs

(Level 3)

 

 

Total Gains

(three months  ended June 30, 2021)

 

 

Total Gains

(six months

ended June 30, 2021)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liability- Series C Preferred Stock

 

 

 

 

 

 

 

$32,272,761

 

 

 

70,767,848

 

 

 

34,166,784

 

 

 

$-

 

 

$-

 

 

$32,272,761

 

 

 

70,767,848

 

 

$34,166,784

 

Assets and liabilities measured at fair value as of and for the three and six months ended June 30, 2020 are classified below based on the three fair value hierarchy described above:

  

Description

 

Quoted

Prices in

Active

Markets for

Identical Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant Unobservable

Inputs

(Level 3)

 

 

Total (Losses) (three months ended June 30, 2020

 

 

Total (Losses) (six months ended June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liability - Series C preferred Stock

 

 

 

 

 

 

 

$93,981,234

 

 

 

(12,039,430 )

 

 

(19,586,317 )

 

 

$-

 

 

$-

 

 

$93,981,234

 

 

$(12,039,430 )

 

$(19,586,317 )