NOTE 7 - FAIR VALUE MEASUREMENTS

6 Months Ended

Jun. 30, 2017

Notes

NOTE 7 - FAIR VALUE MEASUREMENTS

NOTE 7 – FAIR VALUE MEASUREMENTS

Assets and liabilities carried at fair value are classified and disclosed in one of the following three categories:

·Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. 

·Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. 

·Level 3: Pricing inputs that are generally unobservable and are supported by little or no market data. 

Financial Assets Measured on a Recurring Basis

Financial assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

The following table summarizes the valuation of our financial assets measured at fair value on a recurring basis as of June 30, 2017:

	Level 1	Level 2	Level 3	Total
Liabilities:
Derivative Liabilities	$       -	$       -	$ 88,269	$ 88,269

In accordance with U.S. GAAP, we use market prices and pricing models for fair value measurements of our derivative financial instruments.