Annual report pursuant to Section 13 and 15(d)

Derivative Liabilities (Tables)

v3.7.0.1
Derivative Liabilities (Tables)
12 Months Ended
Dec. 31, 2016
Derivative Liabilities [Abstract]  
Schedule of estimate the fair value of the derivative liability and warrant liability
    Low     High  
Annual dividend rate     0 %     0 %
Expected life     0.25       2.00  
Risk-free interest rate     0.01 %     0.92 %
Expected volatility     163.80 %     314.11 %
Schedule of changes in the derivative liabilities
    Year Ended December 31, 2016  
    Level 1     Level 2     Level 3  
Derivative liabilities as January 1, 2016   $ -     $ -     $ -  
Addition     -       -       5,119,921  
Conversion     -       -       (4,321,381 )
Loss on changes in fair value     -       -       1,013,901  
Derivative liabilities as December 31, 2016   $ -     $ -     $ 1,812,441  
Schedule of Black-Scholes assumptions used to estimate the fair value of the derivative liability and warrant liability

    Year Ended December 31, 2016  
    Level 1     Level 2     Level 3  
Fair value as January 1, 2016   $ -     $ -     $ -  
Warrants granted     -       -       132,867  
Loss on changes in fair value     -       -       114,336  
Fair value as December 31, 2016   $ -     $ -     $ 247,203