Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.8.0.1
FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Mar. 31, 2018
Fair Value Measurements Tables  
Fair value hierarchy financial assets measured

   

Fair Value at

March 31,

     Fair Value Measurement Using  
Description   2018     Level 1     Level 2     Level 3  
                         
Derivative Liabilities – Conversion Feature   $ 4,059,400     $ -     $ -     $ 4,059,400  
                                 
    $ 4,059,400     $ -     $ -     $ 4,059,400  

 

    Fair Value at December 31,       Fair Value Measurement Using    
Description     2017     Level 1       Level 2       Level 3    
                         
Derivative Liabilities – Conversion Feature   $ 9,331,400     $ -     $ -     $ 9,331,400  
                                 
    $ 9,331,400     $ -     $ -     $ 9,331,400  

Reconciliation of the Derivative Liabilities measured
Balance at December 31, 2017   $ 9,331,400  
         
Change in Fair Market Value of Conversion Feature     (2,281,000 )
Derivative Debt Converted into Equity     (9,431,000 )
Fair Value of Derivative Liability Recorded Upon Issuance of Convertible Debt     6,440,000  
         
Balance at March 31, 2018   $ 4,059,400  
Estimated fair value of derivative liabilities assumptions
    March 31,     March 31,  
    2018     2017  
             
Stock Price   $2.52 - $6.90     $3.81 - $5.04  
Conversion and Exercise Price   $2.06 - $6.60     $2.06 - $6.60  
Annual Dividend Yield   -     -  
Expected Life (Years)   1.12 - 2.66     0.70 - 3.42  
Risk-Free Interest Rate   1.77% - 2.27%     1.05% - 2.50%  
Expected Volatility   62.36% - 134.84%     61.88% - 123.56%