| Fair value hierarchy financial assets measured |
| |
|
Fair Value at September 30, |
|
|
Fair Value Measurement Using |
|
| Description |
|
2018 |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative Liabilities – Conversion Feature |
|
$ |
2,222,000 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
2,222,000 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
$ |
2,222,000 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
2,222,000 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
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 |
| |
|
For the Nine Months Ended
September 30,
|
|
| |
|
2018 |
|
|
2017 |
|
| Balance at December 31, 2017 |
|
$ |
9,331,400 |
|
|
$ |
6,987,000 |
|
| Change in Fair Market Value of Conversion Feature |
|
|
(524,400 |
) |
|
|
(1,122,050 |
) |
| Derivative Debt Converted into Equity |
|
|
(19,271,000 |
) |
|
|
(9,106,950 |
) |
| Fair Value of Derivative Liability Recorded Upon Issuance of Convertible Debt |
|
|
12,686,000 |
|
|
|
7,881,000 |
|
| Balance at September 30, 2018 |
|
$ |
2,222,000 |
|
|
$ |
4,639,000 |
|
| |
|
|
|
|
|
|
|
|
| |
|
For the Three Months Ended September 30, |
|
| |
|
2018 |
|
|
2017 |
|
| Balance at June 30, 2018 |
|
$ |
1,891,400 |
|
|
$ |
3,163,000 |
|
| Change in Fair Market Value of Conversion Feature |
|
|
103,600 |
|
|
|
1,475,900 |
|
| Derivative Debt Converted into Equity |
|
|
(3,699,000 |
) |
|
|
(3,434,900 |
) |
| Fair Value of Derivative Liability Recorded Upon Issuance of Convertible Debt |
|
|
3,926,000 |
|
|
|
3,435,000 |
|
| Balance at September 30, 2018 |
|
$ |
2,222,000 |
|
|
$ |
4,639,000 |
|
|