Fair Value of Financial Instruments - Schedule of Valuation of Financial Instruments at Fair Value on a Recurring Basis (Details) - USD ($) |
Mar. 31, 2021 |
Dec. 31, 2020 |
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Right-of-use asset | $ 183,804 | $ 195,029 |
Lease liabilities | 190,561 | |
Level 1 [Member] | ||
Cash | 875,004 | 28,920 |
Right-of-use asset | ||
Total assets | 875,004 | 28,920 |
Lease liabilities | ||
Notes payable | ||
Total liabilities | ||
Total assets and liabilities | 875,004 | 28,920 |
Level 2 [Member] | ||
Cash | ||
Right-of-use asset | ||
Total assets | ||
Lease liabilities | ||
Notes payable | 388,762 | 334,841 |
Total liabilities | (388,762) | (334,841) |
Total assets and liabilities | (388,762) | (334,841) |
Level 3 [Member] | ||
Cash | ||
Right-of-use asset | 183,804 | 195,029 |
Total assets | 183,804 | 195,029 |
Lease liabilities | 190,561 | 201,520 |
Notes payable | ||
Total liabilities | (190,561) | 201,525 |
Total assets and liabilities | $ (6,757) | $ (6,496) |
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- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. No definition available.
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- Definition Fair value of asset after deduction of liability. No definition available.
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- Definition Fair value of financial and nonfinancial obligations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Fair value portion of notes payable. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Present value of lessee's discounted obligation for lease payments from operating lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of lessee's right to use underlying asset under operating lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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