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, 2021
Accounting Policies [Abstract]
Schedule of assets and liabilities measured at fair value
On December 31, 2021 On December 31, 2020
Description Level 1 Level 2 Level 3 Level 1 Level 2 Level 3
Derivative liabilities $
-
 $
-
 $
-
 $
-
 $
-
 $
-

Schedule of roll forward of the level 3 valuation financial instruments
For the Year Ended
December 31,
2021 2020
Balance at beginning of period $
-
 $ 890,410
Initial valuation of derivative liabilities included in debt discount
-
 85,502
Initial valuation of derivative liabilities included in derivative expense
-
 160,416
Gain on extinguishment of debt related to repayment/conversion of debt
-
 (1,066,535 )
Change in fair value included in derivative expense
-
 (69,793 )
Balance at end of period $
-
 $
-

Schedule of warranty liability
For the Year Ended
December 31,
2021 2020
Balance at beginning of period $ 26,833 $ 26,933
Warranty costs incurred (100 ) (100 )
Balance at end of period $ 26,733 $ 26,833

Schedule of diluted common shares outstanding
December 31,
2021 2020
Stock options 8,445,698 8,445,698
Warrants 17,500,000 2,050,000
Series B preferred stock 114,598,413 68,166,032
Series C preferred stock 296,507,937 211,111,111
Convertible debt 33,000,000
-
Non-vested, forfeitable common shares 14,270,120 23,826,926
484,322,168 313,599,767