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6. CONVERTIBLE DEBT (Tables)
 12 Months Ended
Dec. 31, 2016
Convertible Debt Tables  
Convertible Notes and Warrants potential future financing and fundamental transactions

Convertible Notes

 

The assumptions used in the Monte Carlo Models are as follows:

 

   June 30,   
   2015  Inception
Closing stock price  $ 0.55–0.64   $0.13–0.55 
Conversion price  $0.29   $0.29 
Expected volatility   125%  185%–190% 
Remaining term (years)   0.09–0.11    2.30–2.07 
Risk-free rate   0.00%   0.25%–0.43%  
Expected dividend yield   0%   0%

  

Warrants

 

   Inception
Closing stock price  $ 0.13–0.55 
Conversion price  $0.30
Expected volatility   250%
Remaining term (years)     5.30–5.09 
Risk-free rate    0.76%–(1.61%)
Expected dividend yield   0%