Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31, 2021:

			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	470,222		—		—		470,222
Total derivative liabilities	470,222		—		—		470,222
Total assets and liabilities measured at fair value	$	470,222	$	—	$	—	$	470,222

The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis at December 31, 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	472,851		—		—		472,851
Total derivative liabilities	472,851		—		—		472,851
Total assets and liabilities measured at fair value	$	472,851	$	—	$	—	$	472,851

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 months ended March 31, 2021 and March 31, 2020:

	Three Months Ended March 31,
	2021		2020
Beginning Balance	$	472,851	$	483,804
Total income recognized in earnings	(2,629)		(2,752)
Ending Balance	$	470,222	$	481,052