Annual report pursuant to Section 13 and 15(d)

Derivative Financial Instruments and Fair Value (Tables)

v3.22.1
Derivative Financial Instruments and Fair Value (Tables)
 12 Months Ended
Dec. 31, 2021
Derivative Financial Instruments And Fair Value  
Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis

The following table sets forth the financial assets and liabilities carried at fair value measured on a recurring basis as of December 31, 2021 and 2020:

 

    Level 1     Level 2     Level 3     Total  
                         
As of December 31, 2020:                                
InnovaQor Series B Preferred Stock   $ -     $ -     $ -     $ -  
Embedded conversion option of debenture     -     -     455,336     455,336  
Total   $ -     $ -     $ 455,336     $ 455,336  
                                 
As of December 31, 2021:                                
InnovaQor Series B Preferred Stock   $ -     $ -     $ 9,016,072     $ 9,016,072  
Embedded conversion option of debenture     -       -       455,336       455,336  
Total   $ -     $ -     $ 9,471,408     $ 9,471,408