Quarterly report pursuant to Section 13 or 15(d)

Derivative Liability (Tables)

v3.10.0.1
Derivative Liability (Tables)
9 Months Ended
Sep. 30, 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:

 

    September 30, 2018     Upon Issuance     December 31, 2017  
Stock Price   $ 0.40     $ 0.10     $ 0.10  
Exercise Price   $ 0.13     $ 0.08     $ 0.06  
Expected Life     4.23       2.33       1.26  
Volatility     221 %     193 %     189 %
Dividend Yield     0 %     0 %     0 %
Risk-Free Interest Rate     1.89 %     1.18 %     1.72 %
                         
Fair Value   $ 673,376     $ 301,739     $ 1,250,581