XML 35 R24.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value Measurements and Other Financial Instruments (Tables)
3 Months Ended
Sep. 30, 2017
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]
The Company utilized the following assumptions in valuing the derivative conversion features:
 
Exercise Price
$2.07
Risk free interest rate
1.56%-2.00%
Expected volatility
50%
Remaining Term
2.69-5.82 years
 
Schedule of Derivative Liabilities at Fair Value [Table Text Block]
The following tables provide a summary of the changes in fair value, including net transfers in and/or out, of all financial assets / (liabilities) measured at the fair value on a recurring basis using significant unobservable inputs during the quarter ended September 30, 2017.
 
 
 
 
 
Convertible
 
 
 
 
 
Warrants
 
Notes
 
Total
 
 
 
 
 
 
 
 
 
Balance - June 30, 2017
 
$
435,036
 
$
116,004
 
$
551,040
 
 
 
 
 
 
 
 
 
 
 
 
Change in fair value of derivative liabilities
 
 
(29,718)
 
 
(43,573)
 
 
(73,291)
 
 
 
 
 
 
 
 
 
 
 
 
Balance - September 30, 2017
 
$
405,318
 
$
72,431
 
$
477,749
 
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis [Table Text Block]
 
 
Fair
 
 
 
 
 
 
 
 
 
Value
 
Level 1
 
Level 2
 
Level 3
 
 
 
 
 
 
 
 
 
 
 
June 30, 2017 derivative liabilities
 
$
551,040
 
$
-
 
$
-
 
$
551,040
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2017 derivative liabilities
 
$
477,749
 
$
-
 
$
-
 
$
477,749