Derivative Liability (Tables)

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Assumptions to measure fair value

The Company uses a weighted average Black-Scholes-Merton option pricing model with the following assumptions to measure the fair value of derivative liability at December 31, 2017:

Stock price	$	1.12
Risk free rate		1.76	%
Volatility		175	%
Conversion/ Exercise price	$	0.60
Dividend rate		0	%
Term (years)		0.5 years

Schedule of Derivative Liabilities at Fair Value

The following table represents the Company’s derivative liability activity for the six months ended June 30, 2018:

Derivative liability balance, December 31, 2017	$	95,164
Fair value of beneficial conversion feature of debt repaid		(113,287	)
Change in derivative liability during the period		18,123
Derivative liability balance, June 30, 2018	$	—