Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.8.0.1
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2017
Accounting Policies [Abstract]  
Schedule of Change in Level 3 Financial Instrument

The change in the Level 3 financial instrument is as follows:

 

Balance, December 31, 2016   $ 584,168  
Issued during the six months ended June 30, 2017     69,920  
Converted     (473,029 )
Change in fair value recognized in operations     587,548  
Balance, June 30, 2017   $ 768,607  

Schedule of Estimated Fair Value of Derivative Instruments Assumptions

The estimated fair value of the derivative instruments was valued using the Black-Scholes option pricing model, using the following assumptions as of June 30, 2017:

 

Estimated dividends   None  
Expected volatility     210.49 %
Risk free interest rate     2.67 %
Expected term     .01-36 months