General form of registration statement for all companies including face-amount certificate companies

Derivative Liability (Tables)

v3.10.0.1
Derivative Liability (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2018
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]    
Schedule of Derivative Liability Using Weighted Average Black-Scholes-Merton Pricing Model

The derivative liabilities were valued using a probability weighted average Black-Scholes-Merton pricing model with the following average assumptions:

 

    June 30, 2018     Upon Issuance     December 31, 2017  
Stock Price   $ 0.60     $ 0.10     $ 0.10  
Exercise Price   $ 0.13     $ 0.08     $ 0.06  
Expected Life     4.50       2.33       1.26  
Volatility     226 %     193 %     189 %
Dividend Yield     0 %     0 %     0 %
Risk-Free Interest Rate     1.89 %     1.18 %     1.72 %
                         
Fair Value   $ 1,014,227     $ 301,739     $ 1,250,581  

Upon issuance and at December 31, 2017, the derivative liabilities were valued using a probability weighted average Black-Scholes-Merton pricing model with the following average assumptions:

 

    Upon Issuance     December 31, 2017  
Stock Price   $ 0.09     $ 0.10  
Exercise Price   $ 0.06     $ 0.06  
Expected Life     1.37       1.26  
Volatility     183 %     189 %
Dividend Yield     0 %     0 %
Risk Free Interest Rate     1.56 %     1.72 %
                 
Fair Value   $ 1,256,481     $ 1,250,581