Registration statement for securities of certain foreign private issuers

FAIR VALUE INFORMATION (Tables)

v3.22.2.2
FAIR VALUE INFORMATION (Tables)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
FAIR VALUE INFORMATION    
Summary of financial assets and liabilities by level within the fair value hierarchy

    

As of December 31, 2021

Level 1

    

Level 2

    

Level 3

    

Total

FINANCIAL ASSETS

  

  

  

  

Financial assets at amortized cost

 

  

 

  

 

  

 

  

Cash

$

1,784,938

$

$

$

1,784,938

Accounts receivable

 

 

1,018,003

 

 

1,018,003

Other Receivable

66,000

Due from related parties

 

 

44,245

 

 

44,245

Financial assets at fair value through profit or loss

Investments at fair value

 

 

 

29,069

 

29,069

FINANCIAL LIABILITIES

Financial liabilities at amortized cost

 

  

 

  

 

  

 

  

Accounts payable

 

 

1,078,381

 

 

1,078,381

Derivative liability

 

 

250,000

 

 

250,000

Loans payable

 

 

151,273

 

 

151,273

Loans payable, related parties

 

 

425,551

 

 

425,551

Lease liabilities

 

 

1,330,860

 

 

1,330,860

Convertible debt obligations, net

 

 

1,274,010

 

 

1,274,010

    

As of December 31, 2020

Level 1

    

Level 2

    

Level 3

    

Total

FINANCIAL ASSETS

Financial assets at amortized cost

  

  

  

  

 

Cash

$

2,273,151

$

$

2,273,151

Accounts receivable

948,341

948,341

Due from related parties

 

 

53,851

 

53,851

Financial assets at fair value through profit or loss

Investments at fair value

 

 

 

29,076

29,076

FINANCIAL LIABILITIES

Financial liabilities at amortized cost

 

  

 

  

 

 

Accounts payable

 

 

821,820

 

821,820

Derivative liability

 

 

250,000

 

250,000

Loans payable

223,240

223,240

Loans payable, related parties

 

 

589,502

 

589,502

Lease liabilities

 

 

1,853,064

 

1,853,064

Convertible debt obligations, net

 

 

1,531,639

 

1,531,639

    

As of December 31, 2020

    

Level 1

    

Level 2

    

Level 3

    

Total

FINANCIAL ASSETS

  

  

  

  

Financial assets at amortized cost

 

  

 

  

 

  

 

  

Cash

$

2,273,151

$

$

$

2,273,151

Accounts receivable

 

 

948,341

 

 

948,341

Due from related parties

 

 

53,851

 

 

53,851

Financial assets at fair value through profit or loss

Investments at fair value

 

 

 

29,076

 

29,076

FINANCIAL LIABILITIES

  

Financial liabilities at amortized cost

 

 

  

 

  

Accounts payable

 

 

821,820

 

 

821,820

Derivative liability

 

 

250,000

 

 

250,000

Loans payable

 

 

223,240

 

 

223,240

Loans payable, related parties

 

 

589,502

 

 

589,502

Lease liabilities

 

 

1,853,064

 

 

1,853,064

Convertible debt obligations, net

 

 

1,531,639

 

 

1,531,639

    

As of December 31, 2019

    

Level 1

    

Level 2

    

Level 3

    

Total

FINANCIAL ASSETS

Financial assets at amortized cost

  

  

  

  

 

Cash

$

3,290,095

$

$

3,290,095

Accounts receivable

1,263,849

1,263,849

Due from related parties

 

 

67,310

 

97,310

Financial assets at fair value through profit or loss

Investments at fair value

 

 

 

28,526

28,526

FINANCIAL LIABILITIES

Financial liabilities at amortized cost

 

  

 

  

 

 

Accounts payable

 

 

486,871

 

486,871

Loans payable

1,281,888

1,281,888

Loans payable, related parties

 

 

832,800

 

832,800

Lease liabilities

 

 

2,273,739

 

2,273,739

Convertible debt obligations, net

 

 

1,918,340

 

1,918,340