Quarterly report pursuant to Section 13 or 15(d)

Fair Value (Tables)

v3.19.3
Fair Value (Tables)
9 Months Ended
Sep. 30, 2019
Fair Value (Tables)  
Schedule of valuation of company's derivatives using quoted prices

 

Quoted Prices

In Active

Significant

Markets for

Other

Significant

Identical

Observable

Unobservable

Liabilities

Inputs

Inputs

Total

(Level 1)

(Level 2)

(Level 3)

Accrued compensation - common stock

$

39,250

$

-

$

-

$

39,250

Accrued compensation - warrants

55,089

-

-

55,089

Accrued compensation - warrants - related party

103,526

-

-

103,526

Derivative liabilities

380,100

-

-

380,100

Balance - September 30, 2019

$

577,965

$

-

$

-

$

577,965

Accrued compensation - common stock

$

37,500

$

-

$

-

$

37,500

Accrued compensation - warrants

24,741

-

-

24,741

Accrued compensation - warrants - related party

55,083

-

-

55,083

Derivative liabilities

200,500

-

-

200,500

Balance - December 31, 2018

$

317,824

$

-

$

-

$

317,824

 

Schedule of valuation of Level 3 liabilities

 

Accrued

Derivative

Compensation

Liabilities

Total

Balance - December 31, 2018

$

117,324

$

200,500

$

317,824

Issuance of warrants and conversion options

-

15,600

15,600

Extinguishment of conversion option

-

(1,000

)

(1,000

)

Warrant modification

-

283,500

283,500

Accrued compensation - common stock

1,750

-

1,750

Accrued compensation - warrants

30,604

-

30,604

Accrued compensation - warrants - related party

49,017

-

49,017

Change in fair value

(830

)

(118,500

)

(119,330

)

Balance - September 30, 2019

$

197,865

$

380,100

$

577,965

 

Schedule of changes in fair value of liabilities measured at fair value on a recurring basis

 

For the Three Months Ended

For the Nine Months Ended

September 30,

September 30,

2019

2018

2019

2018

Risk-free interest rate

1.55%-1.91

%

2.12%-2.91

%

1.17%-2.44

%

1.73%-2.91

%

Expected term (years)

0.11-5.00

0.08 - 4.41

0.02-5.00

0.25-4.76

Expected volatility

110

%

110

%

110

%

110

%

Expected dividends

0.00

%

0.00

%

0.00

%

0.00

%