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Derivative Liabilities (Tables)
12 Months Ended
Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Assumption Used

The fair value of the embedded derivative was determined using the Black Scholes Model based on the following assumptions:

 

Dividend yield:     0.00 %
Volatility     31.91 %
Risk free rate:     1.81 %

Schedule of Fair Value of Derivative Liabilities

The following table provides a summary of changes in fair value of the Company’s Level 3 derivative liabilities for the year ended December 31, 2016:

 

    December 31, 2016  
Balance, beginning of the year :   $ -  
Additions     331,973  
Mark-to-market at modification date     276  
Reclassified to additional paid in capital upon modification of term     -  
Balance, December 31, 2016   $ 332,249  
Net loss due to change in fair value for the year included in statement of operation   $ (276 )