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Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2016
Fair Value Measurement [Abstract]  
Schedule of fair value measurement liabilities

     Fair Value Measurements at Reporting Date Using 
  
 
 
December 31,
2015
 
 
 
 

 
Quoted Prices in
Active Markets for
Identical Assets
 
 
 
 

 
Significant Other
Observable
Inputs
 
 
 
 
 
 
Significant
Unobservable
Inputs
 
 
 
     (Level 1)  (Level 2)  (Level 3) 
Derivative liability $2,820,000  $-  $ -  $2,820,000 
Contingent liability  1,000,000           1,000,000 
Stock settled debt  12,500   10,000   -   2,500 
                 
  $3,832,500  $10,000  $-  $3,822,500 

 

 

     

Fair Value Measurements at Reporting Date Using

 
  December 31, 2016  Quoted 
Prices in
Active
Markets for
Identical
Assets
  Significant Other
Observable
Inputs
  Significant
Unobservable
Inputs
 
     (Level 1)  (Level 2)  (Level 3) 
Derivative liability – stock warrants $1,250,000   -          -  $1,250,000 
Derivative liability – Series C Preferred Stock  2,093,623   -   -   2,093,623 
  $3,343,623   -   -  $3,343,623 
Schedule of contingent liability

Balance December 31, 2015 $1,000,000 
Fair value adjustment  (1,000,000)
Balance December 31, 2016  0
Schedule of fair value adjustments
  Carrying value as of December 31, 2016  
Fair value adjustments for
the year ended
December 31,
 
  (Level 1)  (Level 2)  (Level 3)  Total  2016 
Customer lists  -   -   -   -   (1,255,269)