|
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:
Schedule of Valuation of Financial Instruments at Fair Value on a Recurring Basis
| |
|
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 |
) |
|