Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.10.0.1
Fair Value Measurements (Tables)
9 Months Ended
Sep. 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:

 

    Nine months ended September 30,
    2018   2017
                 
Expected term     1 month - 1 year       1 month - 1 year  
Exercise price     $0.0129-$0.0326       $0.0085-$0.0385  
Expected volatility     119%-195%       189%-201%  
Expected dividends     None       None  
Risk-free interest rate     1.79% to 2.59%       1.03% to 1.31%  
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 September 30, 2018:

 

    Derivative  
    Liability  
Balance December 31, 2017   $ 5,939,600  
         
Issuance of convertible debt     1,459,645  
Settlements by debt settlement     (1,312,833 )
Change in estimated fair value     970,760  
         
Balance September 30, 2018   $ 7,057,172  

Schedule of Balance in Liabilities with Significant Unobservable Inputs

The following table presents balances in the liabilities with significant unobservable inputs (Level 3) at September 30, 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 September 30, 2018                                
Derivative liability   $ -     $ -     $ 7,057,172     $ 7,057,172  
Total   $ -     $ -     $ 7,057,172     $ 7,057,172