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Fair Value of Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2023
FAIR VALUE OF FINANCIAL INSTRUMENTS  
Fair value of assets and liabilities

As of September 30, 2023 and December 31, 2022, the Company’s financial assets and liabilities were measured at fair value using Level 3 inputs, with the exception of cash, which was valued using Level 1 inputs. A description of the valuation of the Level 3 inputs is discussed in Note 8.

 

 

 

Total

 

 

Quoted
Prices in
Active
Markets
For
Identical
Assets (Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

Fair Value Measurement as of September 30, 2023:

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Liabilities

 

$

2,315,219

 

 

$

-

 

 

$

-

 

 

$

2,315,219

 

Totals

 

$

2,315,219

 

 

$

-

 

 

$

-

 

 

$

2,315,219

 

Fair Value Measurement as of December 31, 2022:

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Liabilities

 

$

2,172,417

 

 

$

-

 

 

$

-

 

 

$

2,172,417

 

Totals

 

$

2,172,417

 

 

$

-

 

 

$

-

 

 

$

2,172,417