Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]
Schedule of assets and liabilities measured at fair value on a recurring basis

On December 31, 2020 On December 31, 2019
Description Level 1 Level 2 Level 3 Level 1 Level 2 Level 3
Derivative liabilities $ - $ - $ - $ - $ - $ 890,410
Schedule of roll forward of the level 3 valuation financial instruments

For the Year Ended
December 31,
2020 2019
Balance at beginning of period $ 890,410 $ -
Initial valuation of derivative liabilities included in debt discount 85,502 320,351
Initial valuation of derivative liabilities included in derivative expense 160,416 516,634
Gain on extinguishment of debt related to repayment/conversion of debt (1,066,535 ) -
Change in fair value included in derivative expense (69,793 ) 53,425
Balance at end of period $ - $ 890,410
Schedule of warranty liability

For the Year Ended
December 31,
2020 2019
Balance at beginning of period $ 26,933 $ 24,190
Increase in estimated warranty liability - 4,650
Warranty expenses incurred (100 ) (1,907 )
Balance at end of period $ 26,833 $ 26,933
Schedule of diluted common shares outstanding

December 31,
2020		 December 31,
2019
Convertible notes - 14,333,333
Stock options 8,445,698 8,445,698
Warrants 2,050,000 2,050,000
Series A preferred stock - 3,283,951
Series B preferred stock 68,166,032 3,600,000
Series C preferred stock 211,111,111 -
Non-vested, forfeitable common shares 23,826,926 17,475,299