ACCRUED ISSUABLE EQUITY

9 Months Ended

Sep. 30, 2021

ACCRUED ISSUABLE EQUITY.

ACCRUED ISSUABLE EQUITY

NOTE 6    ACCRUED ISSUABLE EQUITY

A summary of the accrued issuable equity activity during the nine months ended September 30, 2021 is presented below.

Balance, January 1, 2021	$	128,380
Additions		208,680
Reclassifications to equity upon issuance		(209,200)
Mark-to market		66,274
Balance, September 30, 2021	$	194,134

During the nine months ended September 30, 2021, the Company entered into certain contractual arrangements for services in exchange for a fixed number of shares of common stock of the Company, having an aggregate grant date value of $208,680, and settled certain of its accrued issuable equity obligations through the issuance of an aggregate of 100,000 shares with an aggregate fair value of $209,200.

During the three and nine months ended September 30, 2021, the Company recorded income of $45,600 and a charge of $66,274, respectively, related to the change in fair value of accrued issuable equity.