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Derivatives (Tables)

12 Months Ended

Dec. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Assumptions Used for Fair Value of Derivative

The fair value of the embedded derivative was determined using the Black-Scholes Model based on the following assumptions:

		November 12, 2015
Risk-free interest rate			2.32	%
Expected remaining term			10 Years
Expected volatility			157.56	%
Dividend yield			0	%

Fair value at December 23, 2016 when the warrants were cancelled was estimated to be $1,715,579, based on the following assumptions:

		December 23, 2016
Risk-free interest rate			2.55	%
Expected remaining term			8.92 Years
Expected volatility			143.15	%
Dividend yield			0	%

Summarizes Derivative Liabilities

The following table summarizes the derivative liabilities included in the balance sheet at December 31, 2016:

Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Balance - December 31, 2015		$	3,096,179
Extinguishment of derivatives liabilities from cancellation of warrants			(1,715,579	)
Gain on change in fair value of the derivative liabilities			(1,380,600	)
Balance – December 31, 2016		$	-