NextPlat Corp Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2)

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BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Balance at Beginning of Period
Recapitalization	$ 4,936
Convertible notes payable	550,001
Change in fair value included in earnings	63,454
Balance at End of Period	$ 311,373
Conversion Feature Derivative Liability
Balance at Beginning of Period
Recapitalization
Convertible notes payable	$ 550,001
Change in fair value included in earnings	64,035
Balance at End of Period	$ 614,036
Warrant Liability
Balance at Beginning of Period
Recapitalization	$ 4,936
Convertible notes payable
Change in fair value included in earnings	$ (581)
Balance at End of Period	$ 4,355

- Definition

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.

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