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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Estimated Fair Value of Derivative Liabilities

A comparison of the assumptions used in calculating estimated fair value of such derivative liabilities as of December 31, 2018 is as follows:

 

   

As of

December 31, 2018

 
       
Volatility – range     237.3% - 272.8 %
Risk-free rate     2.51% - 2.59 %
Contractual term     1.5 - 3.3 years  
Exercise price     $5.00 - $5.60  
Number of warrants in aggregate     2,074,000  

Summary of Changes in Fair Value Derivative Financial Instruments

The following table provides a summary of the changes in fair value, including net transfers in and/or out, of the derivative financial instruments, measured at fair value on a recurring basis using significant unobservable inputs for both open and closed derivatives:

 

    Amount  
Balance at December 31, 2017   $ 104,183  
Warrants issued to originate or extend notes payable (recorded as discount on note payable) -Note 3      
Unrealized derivative gains included in other expense for the period     (38,681 )
Transition of derivative liability to equity      
         
Balance at December 31, 2018   $ 65,502  

Schedule of Warrant Derivative Liability

The warrant derivative liability consists of the following at December 31, 2018 and 2017:

 

    December 31, 2018     December 31, 2017  
Warrant issued to holder of Secured convertible note (Note 2)   $ 57,092     $ 90,519  
Warrant issued to placement agent (Note 2)     7,573       12,069  
Warrant issued to holder of December 2013 Note (Note 3)           31  
Warrants issued to holders of notes payable - short term (Note 3)     837       1,564  
Total warrant derivative liability   $ 65,502     $ 104,183