Derivative Liabilities |
3 Months Ended | ||||||||||||||||||||
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Mar. 31, 2021 | |||||||||||||||||||||
Derivative Liability [Abstract] | |||||||||||||||||||||
Derivative Liabilities |
9. DERIVATIVE LIABILITIES
The derivative liabilities at December 31, 2020 consisted of a True-Up Payment provision of the Series 2 Preferred Stock (See Note 8). The True-Up payment was valued at March 31, 2021 and was determined to have a value of 0; however, the True-Up Payment has not been settled. See Note 12 for further discussion of this matter.
The table presented below is a summary of changes in the fair market value of the Company’s Level 3 valuations for the three months ended March 31, 2021.
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- References No definition available.
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- Definition The entire disclosure for derivatives and fair value of assets and liabilities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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