Derivative Financial Instruments - Schedule of Recognized Derivative Liabilities (Details) - USD ($) |
12 Months Ended | |
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Dec. 31, 2020 |
Dec. 31, 2019 |
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Derivative liabilities as of beginning | $ 827,314 | |
Valuation upon issuance | 433,672 | 323,675 |
Revaluation upon modification | (344,137) | 147,325 |
Change in fair value | (222,707) | 356,314 |
Elimination upon extinguishment | (458,977) | |
Derivative liabilities as of ending | $ 235,165 | $ 827,314 |
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- Definition Valuation upon issuance. No definition available.
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- Definition Elimination upon extinguishment. No definition available.
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- Definition Revaluation upon modification. No definition available.
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- References No definition available.
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- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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