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Derivative Liabilities

3 Months Ended

Mar. 31, 2018

Notes to Financial Statements

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:

		(Unaudited) March 31, 2018				(Audited) December 31, 2017
Balance Beginning of period		$	19,175,754			$	24,083,314
Reclassification of derivative liabilities to additional paid in capital related to warrants exercised that ceased being a derivative liability							(13,229,681	)
Fair value mark to market adjustment - stock options							2,036,621
Fair value mark to market adjustment – warrants			(224,515	)			12,376,571
Reclassification of derivative liability to Additional Paid in Capital due to share reservation							(6,091,070	)
Balance at end of period		$	18,931,239			$	19,175,754

The Company recorded a change in the value of embedded derivative liabilities income/(expense) $244,515 and ($13,517,422) for the three-months ended March 31, 2018 and 2017, respectively.

		Commitment Date				Recommitment Date
Expected dividends			0%				0%
Expected volatility			150%				150%
Expected term			0.90 – 9.56 years				1.16 – 9.56 years
Risk Free Interest Rate			0.76%-2.40%				1.47%-2.33%