| 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 March 31, 2019 and December 31, 2018, respectively:
| |
|
Fair Value Measurements at March 31, 2019 |
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| Assets |
|
|
|
|
|
|
|
|
|
| Cash |
|
$ |
1,462,345 |
|
|
$ |
- |
|
|
$ |
- |
|
| Right-of-use asset |
|
|
- |
|
|
|
268,814 |
|
|
|
- |
|
| Total assets |
|
|
1,462,345 |
|
|
|
268,814 |
|
|
|
- |
|
| Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible note payable |
|
|
- |
|
|
|
- |
|
|
|
300,000 |
|
| Advances from shareholders |
|
|
- |
|
|
|
464,141 |
|
|
|
- |
|
| Notes payable |
|
|
- |
|
|
|
- |
|
|
|
200,000 |
|
| Lease liability |
|
|
- |
|
|
|
269,897 |
|
|
|
- |
|
| Total liabilities |
|
|
- |
|
|
|
(734,038 |
) |
|
|
(500,000 |
) |
| |
|
$ |
1,462,345 |
|
|
$ |
(465,224 |
) |
|
$ |
(500,000 |
) |
| |
|
Fair Value Measurements at December 31, 2018 |
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| Assets |
|
|
|
|
|
|
|
|
|
| Cash |
|
$ |
125,846 |
|
|
$ |
- |
|
|
$ |
- |
|
| Total assets |
|
|
125,846 |
|
|
|
- |
|
|
|
- |
|
| Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible note payable |
|
|
- |
|
|
|
- |
|
|
|
300,000 |
|
| Advances from shareholders |
|
|
- |
|
|
|
514,141 |
|
|
|
- |
|
| Notes payable |
|
|
- |
|
|
|
- |
|
|
|
200,000 |
|
| Total liabilities |
|
|
- |
|
|
|
(514,141 |
) |
|
|
(500,000 |
) |
| |
|
$ |
125,846 |
|
|
$ |
(514,141 |
) |
|
$ |
(500,000 |
) |
|