Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.7.0.1
FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Mar. 31, 2017
Fair Value Measurements Tables  
Fair value hierarchy financial assets measured

     Fair Value at
March 31,		     Fair Value Measurement Using  
Description   2017     Level 1     Level 2     Level 3  
                                 
Derivative Liabilities – Conversion Feature   $ 4,848,600     $ –     $ –     $ 4,848,600  
Liability – Contingent Consideration     16,434,620       –       –       16,434,620  
    $ 21,283,220     $ –     $ –     $ 21,283,220  

 

    Fair Value at December 31,     Fair Value Measurement Using  
Description    2016     Level 1     Level 2     Level 3  
                         
Derivative Liabilities – Conversion Feature   $ 6,987,000     $ –     $ –     $ 6,987,000  
Liability – Contingent Consideration     12,085,859       –       –       12,085,859  
    $ 19,072,859     $ –     $ –     $ 19,072,859  

Reconciliation of the Derivative Liabilities measured

Balance at December 31, 2016   $ 6,987,000  
         
Change in Fair Market Value of Conversion Feature     (1,610,750 )
Derivative Debt Converted into Equity     (2,770,650 )
Issuance of Debt Instruments with Derivatives     2,243,000  
         
Balance at March 31, 2017   $ 4,848,600  

Reconciliation of the Contingent Consideration Liability

Balance at December 31, 2016   $ 12,085,859  
         
Change in Fair Market Valuation of Contingent Consideration     4,348,761  
         
Balance at March 31, 2017   $ 16,434,620