Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

v3.21.2
Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2021
Investments, All Other Investments [Abstract]  
Schedule of Valuation of Financial Instruments at Fair Value on a Recurring Basis

The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheet as of September 30, 2021 and December 31, 2020, respectively:

 

    Level 1     Level 2     Level 3  
    Fair Value Measurements at September 30, 2021  
    Level 1     Level 2     Level 3  
Assets                        
Cash   $ 698,667     $ -     $ -  
Right-of-use asset     -       -       160,792  
Total assets     698,667       -       160,792  
Liabilities                        
Lease liabilities     -       -       168,072  
Notes payable     -       360,578       -  
Total liabilities     -       (360,578 )     (7,280 )
 Total assets and liabilities   $ 698,667     $ (360,578 )   $ (7,280 )

 

    Level 1     Level 2     Level 3  
    Fair Value Measurements at December 31, 2020  
    Level 1     Level 2     Level 3  
Assets                        
Cash   $ 28,920     $ -     $ -  
Right-of-use asset     -       -       195,029  
Total assets     28,920       -       195,029  
Liabilities                        
Lease liabilities     -       -       201,520  
Notes payable     -       334,841       -  
Total liabilities     -       334,841       201,525  
 Total assets and liabilities   $ 28,920     $ (334,841 )   $ (6,496 )