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DERIVATIVE INSTRUMENT LIABILITIES
9 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
NOTE 6. DERIVATIVE INSTRUMENT LIABILITIES

The fair market value of the derivative instruments liabilities at September 30, 2018, was determined to be $6,804,731 with the following assumptions: (1) risk free interest rate of 2.12%, (2) remaining contractual life of years .01, (3) expected stock price volatility of 137%, and (4) expected dividend yield of zero. Based upon the change in fair value, the Company has recorded a gain on derivative instruments for the Nine months ended September 30, 2018 of $21,318,228 and a corresponding decrease in the derivative instruments liability.

 

The entire amount of derivative instrument liabilities are classified as current due to the fact that settlement of the derivative instruments could be required within twelve months of the balance sheet date.