Quarterly report pursuant to Section 13 or 15(d)

Derivative Liabilities (Tables)

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Derivative Liabilities (Tables)
6 Months Ended
Jun. 30, 2017
Derivative Liabilities Tables  
Summary of Changes in Fair Value of Derivative Liabilities

The following table provides a summary of changes in fair value of the Company’s Level 3 financial liabilities for the three months ended June 30, 2017:

 

 

 

Debt

Derivative

   
Balance, December 31, 2016   $ —    
Total (gains) losses        
Initial fair value of debt derivative at note issuance     1,538,961  
Mark-to-market at June 30, 2017:     (29,968 )
Transfers out of Level 3 upon conversion or payoff of notes payable     —    
Balance, June 30, 2017   $ 1,508,993  
Net gain for the period included in earnings relating to the liabilities held during the period ended June 30, 2017   $ 29,968