Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Schedule of Warrant Derivative Liabilities

The following table presents the assumptions used for the warrant derivative liabilities under the Black-Scholes option-pricing model:

	As of September 30, 2020						As of December 31, 2019
	Strome Warrants			B. Riley Warrants			Strome Warrants			B. Riley Warrants
Expected life		2.70			5.05			3.45			5.80
Risk-free interest rate		0.16	%		0.28	%		1.62	%		1.76	%
Volatility factor		143.00	%		137.91	%		144.54	%		127.63	%
Dividend rate		0	%		0	%		0	%		0	%
Transaction date closing market price	$	0.89		$	0.89		$	0.80		$	0.80
Exercise price	$	0.50		$	1.00		$	0.50		$	1.00

Schedule of Valuation Activity for Warrants Accounted for Derivative Liability

The following table represents the carrying amounts and change in valuation for the Company’s warrants accounted for as a derivative liability and classified within Level 3 of the fair-value hierarchy:

	As of and for the Nine Months Ended September 30, 2020						As of and for the Nine Months Ended September 30, 2019
	Carry Amount at Beginning of Period		Change in Valuation		Carrying Amount at End of Period		Carry Amount at Beginning of Period		Change in Valuation		Exercise of Warrants			Carrying Amount at End of Period
L2 Warrants	$	-	$	-	$	-	$	418,214	$	316,972	$	(735,186	)	$	-
Strome Warrants		1,036,687		63,160		1,099,847		587,971		572,548		-			1,160,519
B. Riley Warrants		607,513		71,750		679,263		358,050		318,325		-			676,375
Total	$	1,644,200	$	134,910	$	1,779,110	$	1,364,235	$	1,207,845	$	(735,186	)	$	1,836,894