Quarterly report pursuant to Section 13 or 15(d)

Derivative Liabilities (Tables)

v3.5.0.2
Derivative Liabilities (Tables)
 9 Months Ended
Sep. 30, 2016
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 September 30, 2016 include the following:

 

Risk free interest rates     0.52%  
Volatility     60%
Schedule of assumptions used in calculating the fair value of the warrants

Assumptions used in calculating the fair value of the warrants described in this Note 7 at September 30, 2016 include the following:

 

Dividend yield     0%  
Expected volatility     55% - 60%  
Risk free interest rates     0.52% - 1.08%  
Expected remaining term (in years)     0.75 - 4.51
Schedule of fair values and the changes in fair values of derivative liabiliti

The fair values and the changes in fair values of derivative liabilities as of, and during the nine months ended, September 30, 2016 and 2015 are as follows:

 

     

Nine Months Ended

September 30,

  
      2016   2015  
Balance, beginning of period     $ 658,286   $ 2,198,161  
Conversion of equity warrants to liabilities       192,173     -  
Addition from debt restructurings       1,592,134     -  
Reduction from debt conversions       (1,207,813 )   -  
Reduction from warrant exercise       (37,672 )   -  
Gain on change in fair value for the period       (748,080 )   (981,222 )
Balance, end of period     $ 449,028   $ 1,216,939