Annual report pursuant to Section 13 and 15(d)

Derivative Liability (Tables)

v3.10.0.1
Derivative Liability (Tables)
 12 Months Ended
Dec. 31, 2018
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:

 

    Upon 
Issuance 		    December 31, 2018     December 31, 2017  
Stock Price   $ 3.00     $ 4.80     $ 1.50  
Exercise Price   $ 2.25     $ 2.70     $ 0.90  
Expected Life     1.60       1.78       1.26  
Volatility     177 %     184 %     189 %
Dividend Yield     0 %     0 %     0 %
Risk-Free Interest Rate     1.70 %     2.6 %     1.72 %

Schedule of Derivative Liability Transactions

The details of derivative liability transactions during the years ended December 31, 2018 and 2017 are as follows:

 

    December 31, 2018     December 31, 2017  
Beginning Balance   $                      1,251,000     $                      1,256,000  
Fair value upon issuance of notes payable and warrants     1,877,000       -  
Change in fair value     1,167,000       (5,000 )
Extinguishment     (1,719,000 )     -  
Ending Balance   $ 2,576,000     $ 1,251,000