Derivative Liability (Tables)

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Assumptions to measure fair value

Stock price	$0.36
Risk free rate	1.24%
Volatility	250%
Conversion/ Exercise price	$0.16 to $0.17
Dividend rate	0%
Term (years)	0.68 to 1.92

Schedule of Derivative Liabilities at Fair Value

The following table represents the Company’s derivative liability activity for the six months ended June 30, 2017:  

Derivative liability balance, December 31, 2016	$	—
Derivative expense at issuance		2,477,333
Change in fair market value from issuance to June 30, 2017		(496,037	)
Derivative liability at June 30, 2017	$	1,981,296
Derivative expense at issuance on or around June 10, 2017	$	2,477,333
Debt discount at issuance		(960,132	)
Derivative expense at June 30, 2017	$	1,517,201