Annual report pursuant to Section 13 and 15(d)

Derivative Liability (Tables)

v3.19.1
Derivative Liability (Tables)
12 Months Ended
Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of fair value of the warrants
  At Issuance     December 31,
2018
    December 31,
2017
 
Market value of stock on measurement date   $ 0.55     $ 0.38     $ 0.48  
Risk-free interest rate     1.12 %     1.93 %     1.53 %
Dividend yield     0 %     0 %     0 %
Volatility factor     55 %     62.5 %     63.5 %
Term     3 years       0 months       0.5 year   
Schedule of derivative liability
Balance at December 31, 2017   $ 24,233  
Gain on change of fair value     (24,233 )
Balance at December 31, 2018   $  
Schedule of warrants outstanding
Total # of warrants issued and outstanding      
Weighted-average exercise price   $  
Remaining life (in years)