Annual report pursuant to Section 13 and 15(d)

NOTE 6: DERIVATIVE LIABILITIES (Tables)

v3.10.0.1
NOTE 6: DERIVATIVE LIABILITIES (Tables)
12 Months Ended
Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
The Company estimated the fair value of the derivative liabilities using the Black-Scholes option pricing model and the following key assumptions during the year ended December 31, 2017:

   

December 31, 2017

 

Expected dividends

    -

%

Expected term (years)

    0.25 – 5.00  

Volatility

    48% - 353

%

Risk-free rate

    0.50% - 1.93

%

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The below table presents the change in the fair value of the derivative liability during the year ended December 31, 2017:

Fair value as of December 31, 2016

  $ 18,028,611  

  Fair value on the date of issuance recorded as debt discounts

    1,095,215  

  Extinguishment of liability to equity due to conversions

    (1,655,656

)

  Extinguishment of liability to equity due to release from ASC 815

    (12,847,304

)

  Gain on change in fair value of derivatives

    (4,620,866

)

Fair value as of December 31, 2017

  $ -