DERIVATIVE LIABILITY (Tables)

6 Months Ended

Jun. 30, 2019

Derivative Liability Tables

Schedule of fair value measurements on recurring basis

The following table summarizes fair value measurements by level at June 30, 2019 for assets and liabilities measured at fair value on a recurring basis:

	Total		Level 1		Level 2		Level 3
Fair value of Derivative Liability	$	344,625	$	-	$	-	$	344,625

The following table summarizes fair value measurements by level at December 31, 2018 for assets and liabilities measured at fair value on a recurring basis:

	Total		Level 1		Level 2		Level 3
Fair value of Derivative Liability	$	617,628	$	-	$	-	$	617,628

Schedule of derivative liability assumptions used

The assumptions used in valuing the derivative liability during 2019 were as follows:

Significant assumptions:
Risk-free interest rate at grant date	1.76	%
Expected stock price volatility	129.01	%
Expected dividend payout	-
Expected option life (in years)	1
Expected forfeiture rate	0

Reconciliation of derivative liabilities

The following table presents a reconciliation of the derivative liability and contingent stock consideration measured at fair value on a recurring basis from December 31, 2018 to June 30, 2019:

	Fair value of derivative liabilities
Balance at December 31, 2018	$	617,628
Gain on change in fair value included in earnings		(273,003	)
Balance at June 30, 2019	$	344,625