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)
9 Months Ended
Sep. 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 nine months ended September 30, 2017     69,920  
Converted     (473,029 )
Change in fair value recognized in operations     460,343  
Balance, September 30, 2017   $ 641,402  

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 September 30, 2017:

 

Estimanted dividends     None  
Expected volatility     201.77 %
Risk free interest rate     2.63 %
Expected term     .01-36 months