DERIVATIVE LIABILITY (Tables)

9 Months Ended

Sep. 30, 2017

Derivative Liability Tables

Derivative liability

	Level I		Level II		Level III			Total
Cash	$	127,816	$	—	$	—		$	127,816
Derivative liability		—		—	$	(482,837	)	$	(482,837	)

Derivative liability assumptions used

	September 30, 2017
Significant assumptions (weighted-average):
Risk-free interest rate at grant date		1.92	%
Expected stock price volatility		84.43	%
Expected dividend payout		-
Expected option life (in years)		1
Expected forfeiture rate		0	%

Reconciliation of the derivative liability

	September 30, 2017
Value at December 31, 2016	$	-
Initial value at the debt issuance		658,430
Decrease in value		(175,593	)
Value at September 30, 2017	$	482,837