Quarterly report pursuant to Section 13 or 15(d)

Derivative Liability (Tables)

v3.8.0.1
Derivative Liability (Tables)
3 Months Ended
Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of fair value of warrants
    At Issuance     March 31, 2018     December 31, 2017  
Market value of stock on measurement date   $ 0.55     $ 0.42     $ 0.48  
Risk-free interest rate     1.12 %     1.77 %     1.53 %
Dividend yield     0 %     0 %     0 %
Volatility factor     55 %     62.9 %     63.5 %
Term     3 years       0.25 year       0.5 year  
Schedule of derivative liability
Balance at December 31, 2017   $ 24,233  
Gain on change of fair value     (21,795 )
Balance at March 31, 2018   $ 2,438  
Schedule of warrants outstanding
Total # of warrants issued and outstanding     1,055,916  
Weighted-average exercise price   $ 0.75  
Remaining life (in years)     0.25