Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2017

Accounting Policies [Abstract]

Schedule of Valuation Methodology

A summary of quantitative information with respect to valuation methodology and significant unobservable inputs used for the Company’s warrant derivative liabilities that are categorized within Level 3 of the fair value hierarchy as of March 31, 2017 and December 31, 2016 is as follows:

Date of Valuation	March 31, 2017			December 31, 2016
Stock Price		0.02			0.02
Volatility (Annual)		142	%		140	%
Number of assumed financings		1			1
Total shares outstanding		42,475,571			41,975,571
Strike Price		0.01			0.01
Risk-free Rate		1.34	%		1.34	%
Maturity Date	7/15/2019			7/15/2019
Expected Life		N/A			N/A

A summary of quantitative information with respect to valuation methodology and significant unobservable inputs used for the Company’s conversion option derivative that are categorized within Level 3 of the fair value hierarchy as of March 31, 2017 and December 31, 2016 is as follows:

Date of Valuation	March 31, 2017			December 31, 2016
Stock Price		0.02			0.02
Volatility (Annual)		48	%		140	%
Strike Price		N/A			N/A
Risk-free Rate		1.33	%		1.40	%
Maturity Date	7/7/2017			5/5/2017

Schedule of Fair Value of the Liabilities Measured on a Recurring Basis

			Fair Value Measurements at March 31, 2017:
	Carrying Value		Level 1		Level 2		Level 3
Earn out liability	$	-	$	-	$	-	$	-
Warrant derivative liability		1,433,181		-		-		1,433,181
Conversion option derivative liability	$	44,659		-		-	$	44,659
Total	$	1,477,840	$	-	$	-	$	1,477,840

			Fair Value Measurements at December 31, 2016:
	Carrying Value		Level 1		Level 2		Level 3
Earn out liability	$	-	$	-	$	-	$	-
Warrant derivative liability		1,366,898		-		-		1,366,898
Conversion option derivative liability		88,242		-		-		88,242
Total	$	1,455,140	$	-	$	-	$	1,455,140

Changes in fair value of our Level 3 earn-out liability

Fair Value Measurements Using Level 3 Inputs

			Conversion
	Warrant		Option
	Derivative Liability		Derivative Liability		Earn-out Liability		Total
Balance - December 31, 2016	$	1,366,898		88,242		-	$	1,455,140
Additions during the period		-		-		-		-
Total (gains) or losses include in net loss		66,283		(43,583)		-		22,700
Settlements during the period		-		-		-		-
Transfers in and/or out of Level 3		-		-		-		-
Balance - March 31, 2017	$	1,433,181		44,659		-	$	1,477,840