| Schedule of Valuation of Financial Instruments at Fair Value on a Recurring Basis |
The
following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheet as of June
30, 2021 and December 31, 2020, respectively:
Schedule of Valuation of Financial Instruments at Fair Value on a Recurring Basis
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Fair Value Measurements at June 30, 2021 |
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Level 1 |
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Level 2 |
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Level 3 |
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| Assets |
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| Cash |
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$ |
1,811,897 |
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|
$ |
- |
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|
$ |
- |
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| Right-of-use asset |
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|
- |
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|
- |
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172,393 |
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| Total assets |
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|
1,811,897 |
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|
- |
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|
172,393 |
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| Liabilities |
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| Lease liabilities |
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- |
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|
- |
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|
179,411 |
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| Notes payable |
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|
- |
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478,093 |
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|
- |
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| Total liabilities |
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- |
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(478,093 |
) |
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|
(7,018 |
) |
| Total assets and liabilities |
|
$ |
1,811,897 |
|
|
$ |
(478,093 |
) |
|
$ |
(7,018 |
) |
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Fair Value Measurements at December 31, 2020 |
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Level 1 |
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Level 2 |
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Level 3 |
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| Assets |
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| Cash |
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$ |
28,920 |
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|
$ |
- |
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|
$ |
- |
|
| Right-of-use asset |
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|
- |
|
|
|
- |
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|
|
195,029 |
|
| Total assets |
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|
28,920 |
|
|
|
- |
|
|
|
195,029 |
|
| Liabilities |
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|
|
|
|
|
|
|
|
|
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| Lease liabilities |
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|
- |
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|
|
- |
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|
201,520 |
|
| Notes payable |
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|
- |
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|
334,841 |
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|
|
- |
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| Total liabilities |
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|
- |
|
|
|
334,841 |
|
|
|
201,525 |
|
| Total assets and liabilities |
|
$ |
28,920 |
|
|
$ |
(334,841 |
) |
|
$ |
(6,496 |
) |
|