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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2019
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Assets Measured On Recurring Basis
The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis at September 30, 2019:
 
 
 
 
Fair Value Measurements at Reporting Date Using
 
 
Total
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
 
Significant other Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
Derivative liabilities:
 
 

 
 

 
 

 
 

Derivative Instruments
 
486,623

 
—

 
—

 
486,623

Total derivative liabilities
 
486,623

 
—

 
—

 
486,623

 
 
 
 
 
 
 
 
 
Total assets and liabilities measured at fair value
 
$
486,623

 
$
—

 
$
—

 
$
486,623


The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis at December 31, 2018: 
 
 
 
 
Fair Value Measurements at Reporting Date Using
 
 
Total
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
 
Significant other Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
Derivative liabilities:
 
 
 
 
 
 
 
 
Derivative Instruments
 
498,086

 
—

 
—

 
498,086

Total derivative liabilities
 
498,086

 
—

 
—

 
498,086

 
 
 
 
 
 
 
 
 
Total assets and liabilities measured at fair value
 
$
498,086

 
$
—

 
$
—

 
$
498,086

Fair Value Measurements using Significant Unobservable Inputs
The following table presents a reconciliation of the beginning and ending balances of the Company's liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2019 and September 30, 2018:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2019
 
2018
 
2019
 
2018
Beginning Balance
 
$
489,489

 
$
482,871

 
$
498,086

 
$
445,838

Total income (loss) recognized in earnings
 
(2,866
)
 
15,215

 
(11,463
)
 
52,248

Ending Balance
 
$
486,623

 
$
498,086

 
$
486,623

 
$
498,086