Quarterly report pursuant to Section 13 or 15(d)

NOTE 6: DERIVATIVE LIABILITIES (Tables)

NOTE 6: DERIVATIVE LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]

The Company estimated the fair value of the derivative liabilities using the Black-Scholes option pricing model using the following range of key assumptions during the nine months ended September 30, 2017

Expected dividends	-	%
Expected term (years)	0.25 – 5.00
Volatility	48% - 353	%
Risk-free rate	0.50% - 1.93	%

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table sets forth by level with the fair value hierarchy the Company's assets and liabilities measured at fair value as of September 30, 2017 and December 31, 2016:

	Level 1		Level 2		Level 3		Total
September 30, 2017:
Liabilities:
Derivative financial instruments	$	-	$	-	$	-	$	-

December 31, 2016:
Liabilities:
Derivative financial instruments	$	-	$	-	$	18,028,611	$	18,028,611

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table sets forth by level with the fair value hierarchy the Company's assets and liabilities measured at fair value as of September 30, 2017 and December 31, 2016:

Fair value as of December 31, 2016	$	18,028,611
Fair value on the dates of issuance recorded as debt discounts		1,105,486
Extinguishment of liability to equity due to conversions		(1,655,656	)
Extinguishment of liability to equity due to release from ASC 815		(12,652,754	)
Change in fair value of derivatives		(4,825,687	)
Fair value as of September 30, 2017	$	-