Derivative Liability (Tables)

3 Months Ended

Mar. 31, 2019

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 March 31, 2019 and December 31, 2018:

	March 31,			December 31,
	2019			2018
Stock price	$	0.45		$	0.32
Risk free rate		2.40	%		2.63	%
Volatility		135	%		150	%
Conversion/ Exercise price	$	.018 to 0.34		$	0.21 to 0.25
Dividend rate		0	%		0	%

Schedule of Derivative Liabilities at Fair Value

The following table represents the Company’s derivative liability activity for the three months ended March 31, 2019:

Derivative liability balance, December 31, 2018	$	3,833,506
Issuance of derivative liability during the period		5,721,939
Fair value of beneficial conversion feature of debt converted		(2,018,302	)
Change in derivative liability during the period		3,245,410
Derivative liability balance, March 31, 2019	$	10,782,553