Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

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, 2020:

			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	475,561		—		—		475,561
Total derivative liabilities	475,561		—		—		475,561
Total assets and liabilities measured at fair value	$	475,561	$	—	$	—	$	475,561

The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis at December 31, 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	483,804		—		—		483,804
Total derivative liabilities	483,804		—		—		483,804
Total assets and liabilities measured at fair value	$	483,804	$	—	$	—	$	483,804

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, 2020 and September 30, 2019:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Beginning Balance	$	478,312	$	489,489	$	483,804	$	498,086
Total income recognized in earnings	(2,751)		(2,866)		(8,243)		(11,463)
Ending Balance	$	475,561	$	486,623	$	475,561	$	486,623