General form of registration statement for all companies including face-amount certificate companies

Summary of Significant Accounting Policies (Tables)

v3.21.2
Summary of Significant Accounting Policies (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2021
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 Nine Months Ended
September 30,		  
    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  

 
    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
    September 30,  
    2021     2020  
Stock options     8,445,698       8,445,698  
Warrants     1,000,000       2,050,000  
Series B preferred stock     114,598,413       17,142,857  
Series C preferred stock     298,412,698       100,000,000  
Non-vested, forfeitable common shares     14,270,120       23,851,926  
      436,726,929       151,490,481  

 
    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