DERIVATIVE LIABILTY (Tables)

3 Months Ended

Jun. 30, 2017

Derivative Liabilty

Weighted average Black-Scholes-Merton option pricing model with assumptions to measure fair value of derivative liability

The Company uses a weighted average Black-Scholes-Merton option pricing model with the following assumptions to measure the fair value of derivative liability at March 31, 2017 and 2016:

	March 31,			March 31,
	2017			2016
Stock price	$	0.0002		$	0.0003
Risk free rate		1.03	%		0.59	%
Volatility		400	%		400	%
Conversion/ Exercise price	$	0.00006 to $0.00009		$	0.0002 to $0.0003
Dividend rate		0	%		0	%
Term (years)	0.01 to 0.08			0.68 to 1.08

Derivative liability activity

The following table represents the Company’s derivative liability activity for each of the annual periods during the two years ended March 31, 2017:

Derivative liability balance, March 31, 2015	$	210,528
Issuance of derivative liability during the period		199,715
Underlying security converted into common stock		(206,018	)
Change in derivative liability during the period		22,085
Derivative liability balance, March 31, 2016		182,140
Issuance of derivative liability during the period		48,593
Underlying security converted into common stock		(53,587	)
Change in derivative liability during the period		62,652
Derivative liability balance, March 31, 2017	$	239,798

The following table represents the Company’s derivative liability activity for the three month ended June 30, 2017.

Derivative liability balance, March 31, 2017		239,798
Issuance of derivative liability during the period		-
Underlying security converted into common stock		150,676
Change in derivative liability during the period		-
Derivative liability balance, June 30, 2017	$	390,474