Annual report pursuant to Section 13 and 15(d)

Derivative Liabilities (Tables)

v3.7.0.1
Derivative Liabilities (Tables)
 12 Months Ended
Dec. 31, 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 December 31, 2016 include the following:

 

Risk free interest rates     1.20%  
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 8 at December 31, 2016 include the following:

 

Dividend yield     0%  
Expected volatility     55% - 60%  
Risk free interest rates     0.62% - 1.76%  
Expected remaining term (in years)     0.50 - 4.26  

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 years ended, December 31, 2016 and 2015 are as follows:

 

    Year Ended December 31,  
    2016     2015  
Balance, beginning of period   $ 658,286     $ 2,198,162  
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     (1,065,935 )     (1,539,876 )
Balance, end of period   $ 131,173     $ 658,286