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)
3 Months Ended
Mar. 31, 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 three months ended March 31, 2017     -  
Converted     (13,346 )
Change in fair value recognized in operations     50,199  
Balance, March 31, 2017   $ 621,021  

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 March 31, 2017:

 

Estimated dividends     None  
Expected volatility     216.37 %
Risk free interest rate     2.76 %
Expected term     .01-36 months