Quarterly report pursuant to Section 13 or 15(d)

Derivative Liabilities (Tables)

v3.7.0.1
Derivative Liabilities (Tables)
 3 Months Ended
Mar. 31, 2017
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, 2017 include the following: 

 

Risk free interest rates     1.21%  
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 6 at March 31, 2017 include the following:

 

Dividend yield     0%  
Expected volatility     50% - 60%  
Risk free interest rates     0.76% - 1.72%  
Expected remaining term (in years)     0.25 – 4.00  
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 three months ended March 31, 2017 and 2016 are as follows:

 

   

Three Months Ended 

March 31, 

  
    2017     2016  
Balance, beginning of period   $ 131,173     $ 658,286  
(Gain) loss on change in fair value for the period     93,046       (160,118 )
Balance, end of period   $ 224,219     $ 498,168