Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Schedule of Cash Equivalents and Derivative Liabilities Measured at Fair Value on Recurring Basis

Cash equivalents and derivative liabilities measured at fair value on a recurring basis at September 30, 2020 were as follows:

	In Active Markets for Identical Assets or Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Cash equivalents	$	12,818,930	$	—	$	—	$	12,818,930
Derivative liabilities	$	—	$	—	$	—	$	—

Schedule of Fair Value Reconciliation of Level 3 Liabilities Measured

The following table presents the fair value reconciliation of Level 3 liabilities measured at fair value during the three and nine months ended September 30, 2020 and 2019:

	Warrants			Debt Derivative			Total
Balance – January 1, 2020	$	7,268		$	370,971		$	378,239
Payment against derivative liability		—			(255,533	)		(255,533	)
Change in fair value of derivative liabilities		(6,420	)		(75,681	)		(82,101	)
Balance – March 30, 2020		848			39,757			40,605
Change in fair value of derivative liabilities		(848	)		(38,869	)		(39,717	)
Balance – June 30, 2020		—			888			888
Change in fair value of derivative liabilities		—			(888	)		(888	)
Balance – September 30, 2020	$	-		$	-		$	-