Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.10.0.1
FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 30, 2018
Fair value hierarchy financial assets measured

 

   

Fair Value at

June 30,

     Fair Value Measurement Using   
Description    2018     Level 1      Level 2      Level 3   
                         
Derivative Liabilities – Conversion Feature   $ 1,891,400     $ -     $ -     $ 1,891,400  
                                 
    $ 1,891,400     $ -     $ -     $ 1,891,400  

 

           
    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     (628,000 )
Derivative Debt Converted into Equity     (15,572,000 )
Fair Value of Derivative Liability Recorded Upon Issuance of Convertible Debt     8,760,000  
         
Balance at June 30, 2018   $ 1,891,400  
Estimated fair value of derivative liabilities assumptions
    June 2018  
Stock Price   $2.16 - $2.88  
Conversion and Exercise Price   $1.92 - $2.29  
Annual Dividend Yield     0%  
Expected Life (Years)   1.44 - 1.50  
Risk-Free Interest Rate   2.41% - 2.47%  
Expected Volatility   94.50% - 95.00%  
Monte Carlo [Member]  
Estimated fair value of derivative liabilities assumptions
Stock Price   $2.16 - $6.90  
Conversion and Exercise Price   $1.92 - $6.60  
Annual Dividend Yield     0%  
Expected Life (Years)   0.66 - 2.42  
Risk-Free Interest Rate   1.77% - 2.52%  
Expected Volatility   62.36% - 103.43%