Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.20.2
Fair Value Measurements (Tables)
3 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Schedule of significant unobservable inputs used in measuring warrants

    Three Months Ended
June 30,
2020
 
    (Unaudited)  
Dividend yield     0 %
Expected price volatility     50 %
Risk free interest rate       0.16% - 0.32 %
Expected term     4 years  
Schedule of liabilities measured at fair value on a recurring basis into the fair value hierarchy

    Fair value measured at June 30, 2020 (Unaudited)  
    Total carrying value
at June 30,
2020
    Quoted prices in
active markets
(Level 1)
    Significant other
observable inputs
(Level 2)
    Significant
unobservable inputs
(Level 3)
 
Liabilities:                        
Warrant liability   $ 2,314,152     $         -     $         -     $ 2,314,152  

 

    Fair value measured at March 31, 2020  
    Total carrying value
at March 31,
2020
    Quoted prices in
active markets
(Level 1)
    Significant other
observable inputs
(Level 2)
    Significant
unobservable inputs
(Level 3)
 
Liabilities:                        
Warrant liability   $ 1,733,718     $         -     $        -     $ 1,733,718  
Schedule of changes in Level 3 liabilities measured at fair value

    Warrant
Liability
 
Balance at March 31, 2020   $ 1,733,718  
Issuance of warrants in connection with convertible notes     703,343  
Change in fair value     (122,909 )
Balance at June 30, 2020 (unaudited)   $ 2,314,152  

 

    Warrant
Liability
 
Balance at March 31, 2019   $ 1,398,617  
Issuance of warrants in connection with convertible notes     200,333  
Change in fair value     (147,808 )
Balance at June 30, 2019 (unaudited)   $ 1,451,142