Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.1
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