Quarterly report pursuant to Section 13 or 15(d)

Derivative Liability (Tables)

v3.7.0.1
Derivative Liability (Tables)
 3 Months Ended
Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Conversion Feature Derivative Liability
    Conversion feature derivative liability     Warrant liability     Total  
Balance at January 1, 2016     614,035       4,356       618,391  
                         
Change in fair value included in earnings     (422,974 )     (3,119 )     (426,093 )
Net effect on additional paid in capital     (191,062 )     -       (191,062 )
Balance at December 31, 2016   $ -     $ 1,237     $ 1,237  
Change in fair value included in earnings     -       (1,114 )     (1,114 )
Balance at March 31, 2017   $ -     $ 123     $ 123  
Schedule of Assumptions for Fair Value of Convertible Instruments Granted Under Black-scholes Option Pricing Model

The Company used the following assumptions for determining the fair value of the convertible instruments granted under the Black-Scholes option pricing model:

 

    March 31, 2017  
Expected volatility     257.1 %
Expected term - years     0.11  
Risk-free interest rate     1.27 %
Expected dividend yield     0 %