Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value Assets Measured On Recurring Basis

The following table presents the Company’s liabilities that are measured at fair value on a recurring basis at December 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	$	776,623	$	—	$	—	$	776,623
Total derivative liabilities	$	776,623	$	—	$	—	$	776,623
Total assets and liabilities measured at fair value	$	776,623	$	—	$	—	$	776,623

    The derivative liabilities above are classified as other long-term liabilities in the December 31, 2021 consolidated balance sheet.

The following table presents the Company’s 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	$	703,747	$	—	$	—	$	703,747
Total derivative liabilities	$	703,747	$	—	$	—	$	703,747
Total assets and liabilities measured at fair value	$	703,747	$	—	$	—	$	703,747

Fair Value Measurements Using Significant Unobservable Inputs

The following table presents the Company’s liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of each of the years ended December 31, 2021 and 2020: 

	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	December 31, 2021		December 31, 2020
Beginning Balance	$	703,747	$	658,917
Total (earnings) loss recognized in earnings	72,876		44,830
Ending Balance	$	776,623	$	703,747

Earnings and losses resulting from changes in the fair value of the derivative instruments above are recorded as a component of interest and other expense.