Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENT (Tables)

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FAIR VALUE MEASUREMENT (Tables)
 6 Months Ended
Jun. 30, 2021
Fair Value Disclosures [Abstract]  
SCHEDULE OF LIABILITIES MEASURED AT FAIR VALUE

The following tables set forth the Company’s consolidated financial assets and liabilities measured at fair value by level within the fair value hierarchy at June 30, 2021 and December 31, 2020. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

 

      Fair value at                          
      June 30, 2021       Level 1       Level 2       Level 3  
Convertible Bridge Notes   $ -     $ -     $ -     $ -  
Total   $ -     $ -     $ -     $ -  

 

    Fair value at                    
    December 31, 2020     Level 1     Level 2     Level 3  
Convertible Bridge Notes   $ 3,598,000     $        -     $         -     $ 3,598,000  
Total   $ 3,598,000     $ -     $ -     $ 3,598,000  
SCHEDULE OF RECONCILIATION OF LEVEL 3 CONVERSION OPTION LIABILITY

The following tables present a reconciliation of the beginning and ending balances of items measured at fair value on a recurring basis that use significant unobservable inputs (Level 3) and the related realized and unrealized gains (losses) recorded in the consolidated statement of operations during the periods.

 

   

Six Months

Ended
June 30, 2021

  
Fair value, December 31, 2020   $ 3,598,000  
Accrued interest     35,983  
Conversion to shares of common stock     (3,633,983 )
Fair value, June 30, 2021   $ -