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Derivative Liabilities | 6 Months Ended
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Jun. 30, 2017
Derivative Liability [Abstract] |
Derivative Liabilities | Note 9 Derivative Liabilities The fair value at the commitment and re-measurement dates for the Company’s derivative liabilities were based upon the following management assumptions as:
|  | June 30, 2017 |  |  | December 31, 2016 |
|  | Unaudited |  |  | Audited |
Balance Beginning of period |  | $ | 24,083,313 |  |  | $ | 24,157,837 |
Fair value mark to market adjustment - stock options |  |  | 1,761,071 |  |  |  | (268,098 | )
Fair value at the commitment date for options granted |  |  | 778,902 |  |  |  | 4,625,002 |
Fair value mark to market adjustment - convertible debt |  |  | 8,482,239 |  |  |  | 42,664,939 |
Fair value mark to market adjustment - warrants |  |  | 2,771,860 |  |  |  | (1,972,844 | )
Fair value at commitment date for warrants issued |  |  | 1,480,126 |  |  |  | 5,053,387 |
Debt settlement on the derivative liability associated with interest |  |  | — |  |  |  | 3,204,363 |
Reclassification of derivative liability to Additional Paid-in-Capital due to share reservation |  |  | (7,061,433 | ) |  |  | (50,431,559 | )
Gain on Settlement of Debt |  |  | — |  |  |  | (2,949,714 | )
Balance at end of period |  | $ | 32,296,078 |  |  | $ | 24,083,313 |
The Company recorded a change in the value of embedded derivative liabilities income/(expense) of $502,252 and $(13,015,170) for the three-months and six-months ended June 30, 2017, respectively;and $(37,458,479) and $(35,461,616) for the three-months and six-months ended June 30, 2016, respectively .
|  | Commitment Date |  |  | Recommitment Date |
Expected dividends |  |  | 0% |  |  |  | 0% |
Expected volatility |  |  | 150% |  |  |  | 150% |
Expected term |  |  | 2-5 years |  |  |  | 1.41 – 4.76 years |
Risk Free Interest Rate |  |  | 0.29%-2.61% |  |  |  | 1.38%-1.89% |
The Company recorded derivative expense of $(197,869) and $(4,963,451) for the three-months and six-months ended June 30, 2017 and $(2,259,028) and $(4,963,451) for the three-months and six-months ended June 30, 2016, respectively. The Company recorded loss on disposition of debt as a result of conversion to the Company’s common stock and Preferred Stock of $(1,260,000) during the six-months ended June 30, 2017. The loss was a result of the conversion value of the shares received exceeded the face value of the note.

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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 + Details
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- References No definition available. + Details
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