Derivative Liability (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Liability Using Black Scholes Valuation Model

The fair value of the derivative liability presented below was measured using the Black Scholes valuation model. Significant inputs into the model for the year ended December 31, 2021 are as follows:

	December 31, 2021
Dividend yield		0.00	%
Risk-free interest rate		0.6% - 0.7	%
Expected volatility		121.2 % - 124.0	%
Expected life (in years)		2

Schedule of Fair Value of Warrant Liability

The warrants outstanding and fair values at each of the respective valuation dates are summarized below:

Warrant Liability	Warrants Outstanding			Fair Value Per Share		Fair Value
Fair Value at initial measurement date of March 26, 2021		2,190,000		$	2.61	$	5,708,212
(Gain) on change in Fair Value of Warrant Liability		-		$	-		(1,092,441	)
Fair Value as of May 24, 2021		2,190,000		$	2.11		4,615,771
Extinguishment of Derivative Liability		(2,190,000	)	$	2.11		(4,615,771	)
Fair Value as of December 31, 2021		-		$	-		-