DERIVATIVE LIABILITIES |
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Sep. 30, 2021 | ||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||||||||||||||||||||||||||
DERIVATIVE LIABILITIES |
10. DERIVATIVE LIABILITIES
The derivative liabilities at December 31, 2020 consisted of a True-Up Payment provision of the Series 2 Preferred Stock (See Note 9). The True-Up payment was settled in July 2021 with a cash payment of $66,136.
The table presented below is a summary of changes in the fair market value of the Company’s Level 3 valuations for the nine months ended September 30, 2021. SUMMARY OF CHANGES IN FAIR VALUE DERIVATIVE LIABILITIES
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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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