Annual report pursuant to Section 13 and 15(d)

Derivative Liability (Tables)

v3.8.0.1
Derivative Liability (Tables)
12 Months Ended
Dec. 31, 2017
Derivative Liability [Abstract]  
Schedule of fair value of the warrants

    At Issuance     December 31,
2017
    December 31,
2016
 
Market value of stock on measurement date   $ 0.55     $ 0.48     $ 0.42  
Risk-free interest rate     1.12 %     1.53 %     1.20 %
Dividend yield     0 %     0 %     0 %
Volatility factor     55 %     63.5 %     68.8 %
Term     3 years       0.5 year       1.5 years
Schedule of derivative liability
Balance at December 31, 2016   $ 108,809  
Gain on change of fair value     (84,576 )
Balance at December 31, 2017   $ 24,233
Schedule of warrants outstanding
Total # of warrants issued and outstanding     1,055,916  
Weighted-average exercise price   $ 0.75  
Remaining life (in years)     0.5