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Convertible Notes Payable (Tables)
9 Months Ended
Nov. 30, 2017
Debt Disclosure [Abstract]  
Summary of Convertible Notes

The following table summarizes the convertible notes as of November 30, 2017:

 

Note #     Date   Maturity Date   Convertible
Date
  Interest     Balance
February 28, 2017
    Additions     Conversions     Balance
November 30, 2017
 
  1     7/7/2016   7/7/2017   1/7/2017     10 %   $ 29,482             $ (29,482 )   $ -  
  2     8/15/2016   8/15/2017   2/15/2017     10 %     33,500               (33,500 )     -  
  3     9/28/2016   9/28/2017   3/28/2017     10 %     73,500       (1) 6,000       (52,248 )     27,252  
  4     10/20/2016   10/20/2017   4/18/2017     0 %     60,000               (60,000 )     -  
  5     10/28/2016   7/28/2017   4/26/2017     10 %     78,750               (46,212 )     32,538  
  6     2/22/2017   11/30/2017   6/21/2017     10 %     58,000               (58,000 )     -  
  7     3/15/2017   3/15/2018   9/11/2017     10 %             37,000       (36,848 )     152  
  8     3/28/2017   3/28/2018   9/24/17     8 %             45,850       (3,218 )     42,632  
  9     4/10/2017   1/15/2018   10/7/2017     10 %             38,000       (10,535 )     27,465  
  10     5/16/2017   2/25/2018   11/12/2017     10 %             53,000       -       53,000  
  11     7/11/2017   demand   1/12/2018     10 %             11,000       -       11,000  
  12     8/3/2017   8/3/2018   1/30/2017     10 %             28,500               28,500  
                            $ 333,232     $ 219,350     $ (330,043 )   $ 222,539  
                Less Debt Discount:      (73,251 )                     (90,185 )
                            $ 259,981                     $ 283,944  

 

(1) $6,000 added to principle for fees related to conversions.

Schedule of Derivative Liability

A summary of the activity of the derivative liability for the period ended November 30, 2017 is as follows:

 

Balance at February 28, 2017   $ 112,461  
Derivative discount     397,000  
Increase to derivative due to new issuance     566,925  
Decrease in derivative due to conversion of debt     (1,004,574 )
Derivative loss due to mark to market adjustment     224,311  
Balance at November 30, 2017   $ 296,123  

Schedule of Derivative Liability Measured with Fair Value Assumptions

A summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company’s derivative liabilities that are categorized within Level 3 of the fair value hierarchy for the quarter ended November 30, 2017 is as follows:

 

Date of valuation     November 30, 2017       Inception  
Volatility     365% - 416 %     247% - 351 %
Risk-free rate     .92% - 1.27 %     .61% - 1.01 %
Years to maturity     .25 –.33       .25 - .5  

Schedule of Derivative Liability Measured with Unobservable Inputs

The Company’s notes payable approximates the fair value of such instruments based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements at November 30, 2017.

 

    Fair value measured at November 30, 2017  
    Fair value at
November 30, 2017
    Quoted prices in
active markets
(Level 1)
    Significant other
observable
inputs (Level 2)
    Significant
unobservable
inputs (Level 3)
 
Derivative liabilities   $ 296,123     $ -     $ -     $ 296,123