Quarterly report pursuant to Section 13 or 15(d)

Derivative Liabilities (Tables)

v3.8.0.1
Derivative Liabilities (Tables)
3 Months Ended
Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of fair value valuation method

Assumptions used in calculating the fair value of the conversion feature at March 31, 2018 are as follows:

 

Risk free interest rates     2.49%  
Volatility     60.00%
Schedule of fair values and the changes in fair values of derivative liabilities

The fair values and the changes in fair values of derivative liabilities during the three months ended March 31, 2018 and 2017 are as follows:

 

   

Three Months Ended

March 31,

 
    2018     2017  
Balance, beginning of period   $ 95,786     $ 131,173  
Reduction from warrant exercise     (31,468 )     -  
Loss on change in fair value for the period     (34,443 )     93,046  
Balance, end of period   $ 29,875     $ 224,219