Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2016

Summary Of Significant Accounting Policies Tables

Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis

Financial assets and liabilities measured at fair value on a recurring basis are summarized below for the nine months ended September 30, 2016:

	Level 1		Level 2		Level 3		Total
Liabilities
Derivative Financial Instruments	$	—	$	—	$	694,215	$	694,215

Financial assets and liabilities measured at fair value on a recurring basis are summarized below for the year ended December 31, 2015:

	Level 1		Level 2		Level 3		Total
Liabilities
Derivative Financial Instruments	$	—	$	—	$	551,646	$	551,646

Schedule of Derivative Liabilities

The following table presents details of the Company’s level 3 derivative liabilities as of September 30, 2016 and December 31, 2015:

	Amount
Balance December 31, 2015	$	551,646
Debt discount originated from derivative liabilities		501,750
Initial loss recorded		1,563,080
Adjustment to derivative liability due to debt conversion		(1,405,615	)
Change in fair market value of derivative liabilities		(516,645	)
Balance September 30, 2016	$	694,215