Annual report pursuant to Section 13 and 15(d)

Fair Vale Measurements

v3.19.1
Fair Vale Measurements
12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Fair Vale Measurements

10. Fair Vale Measurements

 

Our financial assets and (liabilities) carried at fair value measured on a recurring basis as of December 31, 2018 and 2017, consisted of the following:

 

    Years Ended December 31,
2018 and 2017
 
    Level 1     Level 2     Level 3  
Derivative Liability as of January 1, 2017                                   1,812,441  
Addition                     3,519,922  
Conversion                     (1,845,677 )
Settlement of debt                     (1,087,226 )
Loss on changes in fair value                     196,545  
Derivative liabilities as of December 31, 2017                     2,596,005  
Derivative liabilities as of January 1, 2018                     2,596,005  
Addition                     727,176  
Conversion                     (79,513 )
Loss on settlement of vendor liability                     (517,476 )
Gain on changes in fair value                     (1,504,006 )
Derivative liabilities as of December 31, 2018                     1,222,186  

 

The following are the changes in the warrant liabilities during the year ended December 31, 2018.

 

    Year Ended December 31, 2018  
    Level 1     Level 2     Level 3  
Balance, January 1, 2018   $        -     $          -     $ -  
Additions     -       -       5,739,466  
Accretion of Warrant expense     -       -       183,063  
Gain on changes in fair value     -       -       344,897  
Warrant liabilities as December 31, 2018   $ -     $ -     $ 6,267,426