| 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 June
30, 2022 and December 31, 2021, respectively:
Schedule of Valuation of Financial Instruments at Fair Value on a Recurring Basis
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| |
|
Fair Value Measurements at June 30, 2022 |
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| Assets |
|
|
|
|
|
|
|
|
|
| Cash |
|
$ |
54,797 |
|
|
$ |
- |
|
|
$ |
- |
|
| Right-of-use asset |
|
|
- |
|
|
|
- |
|
|
|
1,483,218 |
|
| Total assets |
|
|
54,797 |
|
|
|
- |
|
|
|
1,483,218 |
|
| Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Lease liabilities |
|
|
- |
|
|
|
- |
|
|
|
1,496,981 |
|
| Convertible notes payable, net of $125,389 of debt discounts |
|
|
- |
|
|
|
624,611 |
|
|
|
- |
|
| Notes payable |
|
|
- |
|
|
|
852,636 |
|
|
|
- |
|
| Notes payable, related parties |
|
|
- |
|
|
|
240,000 |
|
|
|
- |
|
| Total liabilities |
|
|
- |
|
|
|
(1,717,247 |
) |
|
|
(1,496,981 |
) |
| Total assets and liabilities |
|
$ |
54,797 |
|
|
$ |
(1,717,247 |
) |
|
$ |
(13,763 |
) |
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| |
|
Fair Value Measurements at December 31, 2021 |
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| Assets |
|
|
|
|
|
|
|
|
|
|
|
|
| Cash |
|
$ |
119,678 |
|
|
$ |
- |
|
|
$ |
-
|
|
| Total assets |
|
|
119,678 |
|
|
|
- |
|
|
|
- |
|
| Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible notes payable, net of $412,673 of debt discounts |
|
|
- |
|
|
|
337,327 |
|
|
|
- |
|
| Convertible notes payable |
|
|
- |
|
|
|
319,274 |
|
|
|
- |
|
| Total liabilities |
|
|
- |
|
|
|
(656,601 |
) |
|
|
- |
|
| Total assets and liabilities |
|
$ |
119,678 |
|
|
$ |
(656,601 |
) |
|
$ |
- |
|
|