XML 39 R26.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 9 - Derivative Liabilities (Tables)
12 Months Ended
Dec. 31, 2017
Table Text Block Supplement [Abstract]  
Schedule Of Derivative Liabilities At Fair Value

   May 9,  June 30,  September 30,  October 12,
   2017  2017  2017  2017
Stock price at valuation date  $5.10   $2.40   $0.61   $0.51 
Conversion price  $2.61   $1.56   $0.40   $0.33 
Risk free rate   1.07%   1.14%   1.11%   1.09%
Volatility   160.28%   148.43%   112.12%   111.63%
Number of shares if converted   22,222    37,656    150,148    180,264 
Value of derivative  $75,957   $50,670   $39,519   $39,380 
Gain (loss) on derivative  $(17,957)  $25,287   $11,151   $139 

 

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 September 29, 2017, the derivative liability was valued at $26,843.  The valuation was done as of September 29, 2017 since that is the date the note was converted to shares of common stock.  The details are as follows:

 

May 10, 2017 derivative         
   May 10,  June 30,  September 29,
   2017  2017  2017
Stock price at valuation date  $5.10   $2.40   $0.61 
Conversion price  $3.00   $1.56   $0.40 
Risk free rate   1.02%   1.05%   0.99%
Volatility   160.26%   124.88%   85.30%
Number of shares if converted   16,667    32,051    125,000 
Value of derivative  $49,334   $37,599   $26,843 
Gain on derivative  $—     $11,735   $10,756