Derivative liability (Tables)

6 Months Ended

Jun. 30, 2017

Derivative Liability Tables

Schedule of assumption used in Black Scholes

The following assumptions were used in the Black-Scholes valuation model:

	Six months ended June 30, 2017
Calculated stock price	$0.03 to $0.06
Risk free interest rate	0.64% to 1.24%
Expected life of convertible notes	3 to 9 months
expected volatility of underlying stock	134.9% to 180.5%

Schedule of derivative liability

The movement in derivative liability is as follows:
	Six months ended June 30, 2017
Opening balance	$	—
Derivative liability arising from convertible notes	$	223,500
Fair value adjustment to derivative liability		(94,532	)
	$	128,968