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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