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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of Liabilities Fair Value Measured on a Recurring Basis

The following table presents information about the Company’s financial liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values:

 

                     
   Level 1   Level 2   Level 3   Fair Value at
December 31, 2020
 
Current liabilities:                    
Derivative liability  $-   $-   $575,000   $575,000 
Total liabilities measured at fair value  $-   $-   $575,000   $575,000 
Summary of Changes in Fair Value of Level 3 Financial Liabilities

The following table provides a summary of changes in fair value of the Company’s Level 3 financial liabilities for the years ended December 31, 2021 and 2020:

 

  

Debt

Derivative

 
Balance, January 1, 2020  $- 
Loss from change in fair value included in earnings   575,000 
Balance, December 31, 2020   575,000 
Additions - initial issuance of 2021A Notes recognized as debt discount   80,000 
Loss from change in fair value included in earnings   22,759,829 
Reclassification to additional paid-in capital upon conversion of convertible notes payable   (23,414,829)
Balance, December 31, 2021  $-