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(7) Derivative Instruments: Derivative Liability Assumptions Used (Tables)
12 Months Ended
Dec. 31, 2018
Tables/Schedules  
Derivative Liability Assumptions Used

 

 

 

Year Ended December 31, 2018

 

 

Year Ended December 31, 2017

 

 

 Conversion Feature

 

 

 

 Conversion Feature

 

 

 of

 

 

 

 of

 

 

 Notes Payable

 

 

 

 Notes Payable

 

 

 

 

 

 

 

Beginning balance, January 1

 

                                 1,787,063

 

 

 

                                                     -  

Additional issuances

 

                                    288,990

 

 

 

                                        1,079,936

Change in value of derivative liability

 

                                  (1,969,024)

 

 

 

-  

Excess derivative liability expense

 

                                    229,796

 

 

 

                                                     707,127  

Ending balance

 

$                              336,825

 

 

 

$                                     1,787,063

 

The derivative liability was valued using the Black-Scholes method with the following inputs:

 

 

 Year Ended

 

 December 31, 2018

 

 

Expected life in years

 0.1 - 0.66 years

Stock price volatility

 521.4% - 1,169.3%

Discount rate

0.12%

Expected dividends

 None

Forfeiture rate

0%