Annual report pursuant to Section 13 and 15(d)

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

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Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Summary of Carrying Amount of the Major Classes of Liabilities

The carrying amounts of the major classes of these liabilities as of December 31, 2017 and 2016 are summarized as follows:

 

    December 31, 2017     December 31, 2016  
Assets of discontinued operations   $ -     $ -  
Liabilities                
Accounts payables and accrued expenses   $ (112,397 )   $ (112,397 )
Liabilities of discontinued operations   $ (112,397 )   $ (112,397 )

Schedule of Estimated Useful Life of Property and Equipment

The estimated useful lives of property and equipment are generally as follows:

 

    Years  
Office furniture and fixtures     4  
Computer equipment     4  
Rental equipment     4  
Appliques     10  
Website development     2  

Schedule of Reconciliation of Derivative Liability Measured at Fair Value

The following table presents a reconciliation of the derivative liability measured at fair value on a recurring basis using significant unobservable input (Level 3) from January 1, 2016 to December 31, 2017:

 

    Warrant liability  
Balance at January 1, 2016   $ 4,356  
         
Change in fair value included in earnings     (3,119 )
Balance at December 31, 2016     1,237  
Change in fair value included in earnings     (1,237 )
Balance at December 31, 2017   $ -  

Schedule of Dilutive Common Stock Equivalents

The following are dilutive common stock equivalents during the year ended:

 

    December 31, 2017     December 31, 2016  
Convertible preferred stock     2,006,399       1,416,762  
Stock Options     285,667       85,667  
Stock Warrants     -       33  
Total     2,292,066       1,502,462