Annual report pursuant to Section 13 and 15(d)

Accrued Issuable Equity

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Accrued Issuable Equity
 12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Accrued Issuable Equity

9. ACCRUED ISSUABLE EQUITY

 

Accrued issuable equity, which represents the fair value of unissued equity instruments that the Company was obligated to issue, consists of the following:

 

    December 31,  
    2020     2019  
Warrants   $ 178,234     $ 5,102  
Common stock     6,000       252,584  
Total accrued issuable equity   $ 184,234     $ 257,686  

 

The common stock balance as of December 31, 2020 is primarily related to the fair value of compensation earned by the Company’s Board members and officers that is to be settled by the future issuance of common stock.

 

See Note 12 – Fair Value Measurement and Note 13 - Stockholders’ Equity for additional details.