Quarterly report pursuant to Section 13 or 15(d)

Derivative Liabilities

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Derivative Liabilities
6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Derivative Liabilities

NOTE 9 – DERIVATIVE LIABILITIES

 

As described in Notes 7 and 8, the Company issued convertible notes that contained conversion features and a reset provisions. The accounting treatment of derivative financial instruments requires that the Company record fair value of the derivatives as of the inception date and to fair value as of each subsequent reporting date.