Quarterly report pursuant to Section 13 or 15(d)

Derivative Liabilities (Tables)

v3.7.0.1
Derivative Liabilities (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2017 are as follows:

 

Risk free interest rates     1.31%  
Volatility     60.00%
Schedule of assumptions used in calculating the fair value of the warrants

Assumptions used in calculating the fair value of the warrants at June 30, 2017 are as follows:

 

Dividend yield     0%  
Expected volatility     52.50 - 55.00%  
Risk free interest rates     0.84 - 1.68%  
Expected remaining term (in years)     0.01 - 3.76
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 during the six months ended June 30, 2017 and 2016 are as follows:

 

   

Six Months Ended 

June 30,

  
    2017     2016  
Balance, beginning of period   $ 131,173     $ 658,286  
Conversion of equity warrants to liabilities     -       192,173  
Additions from debt restructuring     -       659,000  
Reduction from warrant exercise     (10,659 )     -  
(Gain) loss on change in fair value for the period     61,739       (424,045 )
Balance, end of period   $ 182,253     $ 1,085,414