Derivative Liability

6 Months Ended

Jun. 30, 2019

Derivative Liability

Note 4 - Derivative Liability

Under the terms of the April 2018, May 2018, August 2018, December 2018, February 2019 and March 2019 Convertible Notes, the Company identified derivative instruments arising from embedded conversion features, as well as warrants issued with the December 2015 Convertible Note.

The following summarizes the Black-Scholes assumptions used to estimate the fair value of the derivative liability at the dates of issuance and the revaluation dates:

	Six Months Ended June 30, 2019
Volatility	114.1-143.0%
Risk-free interest rate	1.92.6%
Expected life (years)	0.41.0
Dividend yield		--

Changes in the derivative liability were as follows:

	Six Months Ended June 30, 2019
	Level 1		Level 2		Level 3			Total
Convertible debt and other derivative liabilities at December 31, 2018	$	--	$	--	$	149,759		$	149,759
Conversions of convertible debt		--		--		--			--
Issuance of convertible debt and other derivatives		--		--		547,333			547,333
Extinguishment of convertible debt		--		--		(165,886	)		(165,886	)
Change in fair value		--		--		568,620			568,620
Convertible debt and other derivative liabilities at June 30, 2019	$	--	$	--	$	1,099,826		$	1,099,826