| 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, 2020 and December 31, 2019, respectively:
| |
|
Fair Value Measurements at June 30, 2020 |
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| Assets |
|
|
|
|
|
|
|
|
|
| Cash |
|
$ |
102,014 |
|
|
$ |
- |
|
|
$ |
- |
|
| Right-of-use asset |
|
|
- |
|
|
|
- |
|
|
|
446,137 |
|
| Total assets |
|
|
102,014 |
|
|
|
- |
|
|
|
446,137 |
|
| Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Lease liabilities |
|
|
- |
|
|
|
- |
|
|
|
455,839 |
|
| Convertible note payable |
|
|
- |
|
|
|
- |
|
|
|
507,332 |
|
| Notes payable |
|
|
- |
|
|
|
341,274 |
|
|
|
- |
|
| Total liabilities |
|
|
- |
|
|
|
(341,274 |
) |
|
|
(963,171 |
) |
| |
|
$ |
102,014 |
|
|
$ |
(341,274 |
) |
|
$ |
(517,034 |
) |
| |
|
Fair Value Measurements at December 31, 2019 |
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| Assets |
|
|
|
|
|
|
|
|
|
| Cash |
|
$ |
282,380 |
|
|
$ |
- |
|
|
$ |
- |
|
| Right-of-use asset |
|
|
- |
|
|
|
- |
|
|
|
502,706 |
|
| Total assets |
|
|
282,380 |
|
|
|
- |
|
|
|
502,706 |
|
| Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Lease liabilities |
|
|
- |
|
|
|
- |
|
|
|
508,352 |
|
| Convertible note payable |
|
|
- |
|
|
|
- |
|
|
|
507,332 |
|
| Notes payable |
|
|
- |
|
|
|
130,000 |
|
|
|
- |
|
| Total liabilities |
|
|
- |
|
|
|
130,000 |
|
|
|
1,015,684 |
|
| |
|
$ |
282,380 |
|
|
$ |
(130,000 |
) |
|
$ |
(512,978 |
) |
|