Quarterly report pursuant to Section 13 or 15(d)

Derivative Liability (Tables)

v3.8.0.1
Derivative Liability (Tables)
3 Months Ended
Mar. 31, 2017
Derivative Liability [Abstract]  
Schedule of fair value of the warrants
    At Issuance     March 31, 2017     December 31, 2016  
Market value of stock on measurement date   $ 0.55     $ 0.42     $ 0.42  
Risk-free interest rate     1.12 %     1.03 %     1.20 %
Dividend yield     0 %     0 %     0 %
Volatility factor     55 %     66.4 %     68.8 %
Term     3 years       1.25 years       1.5 years  
Schedule of derivative liability
Balance at December 31, 2016   $ 108,809  
Gain on change of fair value     (71,801 )
Balance at March 31, 2017   $ 37,008  
Schedule of warrants outstanding
Total # of warrants issued and outstanding     1,055,916  
Weighted-average exercise price   $ 0.75  
Remaining life (in years)     1.25