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 Disclosures [Abstract]  
Schedule of Stock Option Valuation Assumptions

The Company measures the conversion feature using the Black Scholes option pricing model using the following assumptions:

 

    Six months ended June 30,
    2018   2017
         
Expected term   1 month - 1 year   8 months - 5 years
Exercise price   $0.0195-$0.0326   $0.0203-$0.28
Expected volatility   127%-195%   184%-276%
Expected dividends   None   None
Risk-free interest rate   1.79% to 2.35%   0.45% to 1.79%
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 six months ended June 30, 2018:

 

   

Derivative

Liability

 
Balance December 31, 2017   $ 5,939,600  
         
Issuance of convertible debt     461,860  
Settlements by debt settlement     (820,357 )
Change in estimated fair value     (2,461,179 )
         
Balance June 30, 2018   $ 3,119,924  

Schedule of Balance in Liabilities with Significant Unobservable Inputs

The following table presents balances in the liabilities with significant unobservable inputs (Level 3) at June 30, 2018:

 

    Fair Value Measurements Using  
   

Quoted Prices in

Active Markets for

Identical Assets

   

Significant Other

Observable

Inputs

   

Significant

Unobservable

Inputs

       
    (Level 1)     (Level 2)     (Level 3)     Total  
                         
As of June 30, 2018                                
Derivative liability   $ -     $ -     $ 3,119,924     $ 3,119,924  
Total   $ -     $ -     $ 3,119,924     $ 3,119,924