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NOTE 6 - DERIVATIVE LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2017

Schedule Of Derivative Liabilities At Fair Value

As of June 30, 2017, the derivative liability was remeasured at $50,670 . The details are as follows:

	May 9, 2017	June 30, 2017
Stock price at valuation date	`$5.10`	`$2.40`
Conversion price	`$2.61`	`$1.56`
Risk free rate	`1.07%`	`1.14%`
Volatility	`160.28%`	`148.43%`
Number of shares if converted	`22,222`	`37,656`
Value of derivative	`$75,957`	`$50,670`
Gain (loss) on derivative	`$(17,957)`	`$25,287`

On May 10, 2017, the Company recorded a derivative liability of $49,334 on convertible debt due to a round- down provision of the conversion price. The valuation was based on the Black-Scholes model. As of June 30, 2017, the derivative liability was valued at $37,599, which resulted in a gain on derivative of $11,735 for the three months ended June 30, 2017. The details are as follows:

	June 27, 2017	June 30, 2017
Stock price at valuation date	`$5.10`	`$2.40`
Conversion price	`$3.00`	`$1.56`
Risk free rate	`1.02%`	`1.05%`
Volatility	`160.26%`	`124.88%`
Number of shares if converted	`16,667`	`32,051`
Value of derivative	`$49,334`	`$37,599`
Gain on derivative	`$-`	`$11,735`