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 Disclosures [Abstract]  
Schedule of Stock Option Valuation Assumptions

This results in a conversion feature. The Company measures the conversion feature using the Black Scholes option pricing model using the following assumptions:

 

    Three months ended March 31,
    2018   2017
       
Expected term   1 month - 1 year   1 month - 1 year
Exercise price   $0.0202-$0.0326   $0.006-$0.029
Expected volatility   145%-195%   163%-198%
Expected dividends   None   None
Risk-free interest rate   1.79% to 2.02%   0.79% to 1.06%
Forfeitures   None   None

Schedule of Changes in Liabilities with Significant Unobservable Inputs

The following table presents changes in the liabilities with significant unobservable inputs (level 3) for the nine months ended March 31, 2018:

 

    Derivative  
    Liability  
Balance December 31, 2017   $ 5,939,600  
         
Issuance of convertible debt     180,197  
Settlements by debt settlement     (486,832 )
Change in estimated fair value     (1,814,058 )
         
Balance March 31, 2018   $ 3,818,907  

Schedule of Balance in Liabilities with Significant Unobservable Inputs

The following table presents balances in the liabilities with significant unobservable inputs (Level 3) at March 31, 2018:

 

    Fair Value Measurements Using  
    Quoted Prices in     Significant Other     Significant        
    Active Markets for     Observable     Unobservable        
    Identical Assets     Inputs     Inputs        
    (Level 1)     (Level 2)     (Level 3)     Total  
                                 
As of March 31, 2018                                
Derivative liability   $        -     $           -     $ 3,818,907     $ 3,818,907  
Total   $ -     $ -     $ 3,818,907     $ 3,818,907