Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2017

Fair Value Disclosures [Abstract]

Schedule of Balances of Liabilities Measured at Fair Value on Recurring Basis

The following table presents the balances of derivative liabilities which are measured at fair value on a recurring basis by level as of September 30, 2017:

	Fair Value Measurements Using
	Quoted Prices in		Significant Other		Significant
	Active Markets for		Observable		Unobservable
	Identical Assets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
As of September 30, 2017
Derivative liability	$	-	$	-	$	1,658,779	$	1,658,779
Warrant liability		-		-		10,496		10,496
Commitment in excess of authorized stock		-		-		5,792		5,792
Total	$	-	$	-	$	1,675,067	$	1,675,067

Schedule Changes in Liabilities with Significant Unobservable Inputs

The following table presents changes in the derivative liabilities with significant unobservable inputs (Level 3) for the nine months ended September 30, 2017:

							Commitment
	Warrant			Derivative			In Excess of			Total
	Liability			Liability			Authorized Stock			Liability
Balance December 31, 2016	$	82,436		$	679,036		$	58,456		$	819,928
Liability on issuance of debt and warrants		4,268			1,233,352			-			1,237,620
Elimination of liability on conversion		-			(1,208,800	)		-			(1,208,800	)
Change in estimated fair value (1)		(76,208	)		955,191			-			878,983
Change in commitment in excess of authorized stock		-			-			(52,664	)		(52,664	)
Balance September 30, 2017	$	10,496		$	1,658,779		$	5,792		$	1,675,067

(1) Included in the Condensed Statements of Operation on the line “Change in fair value of derivative and warrant liabilities.”

Schedule of Derivative and Warrant Liabilities

Management used the following inputs to value the Derivative and Warrant Liabilities for the nine months ended September 30, 2017:

	Derivative Liability	Warrant Liability
Expected term	6 months to 2 years	5 years
Exercise price	$0.00005 - $0.074	$0.02 - $0.1287
Expected volatility	216% to 375%	242% to 282%
Expected dividends	None	None
Risk-free interest rate	0.79% to 1.31%	1.78% to 1.93%
Forfeitures	None	None