Quarterly report pursuant to Section 13 or 15(d)

SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.2
SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]  
SCHEDULE OF FAIR VALUE MEASUREMENTS, RECURRING AND NONRECURRING

 

   

Quoted Prices in Active Markets

(Level 1)

    Significant Observable Inputs (Level 2)     Significant Unobservable
Inputs (Level 3)
    Total Fair Value  
September 30, 2021                                
Assets (Note 4)                                
Common stock of Sonnet   $ 73,970           $     $ 73,970  

 

   

Quoted Prices in Active Markets

(Level 1)

    Significant Observable Inputs (Level 2)     Significant Unobservable Inputs (Level 3)     Total Fair Value  
December 31, 2020                                
Assets (Note 4)                                
Common stock of Sonnet   $ 413,268           $     $ 413,268  
Liabilities (Note 10)                                
True-up provision of Convertible Preferred Series 2   $     $     $ 184,800     $ 184,800  
SCHEDULE OF PROPERTY AND EQUIPMENT USEFUL LIVES

The estimated useful lives used to compute depreciation and amortization are as follows:

 

Leasehold improvements     5-15 years  
Restaurant furnishings and equipment     3-10 years  
Furniture and fixtures     3-10 years  
Office and computer equipment     3-7 years