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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis

Financial assets and liabilities measured at fair value on a recurring basis are summarized below for the year ended December 31, 2016:

 

    Level 1     Level 2     Level 3     Total  
Liabilities                                
Derivative Financial Instruments   $ —     $ —     $ 870,921     $ 870,921  

 

Financial assets and liabilities measured at fair value on a recurring basis are summarized below for the year ended December 31, 2015:

 

    Level 1     Level 2     Level 3     Total  
Liabilities                                
Derivative Financial Instruments   $ —     $ —     $ 551,646     $ 551,646

Schedule of Derivative Liabilities

The following table presents details of the Company’s level 3 derivative liabilities as of December 31, 2016 and 2015:

 

    Amount  
Balance December 31, 2015   $ 551,646  
Debt discount originated from derivative liabilities     501,750  
Initial loss recorded     1,563,080  
Adjustment to derivative liability due to debt conversion     (1,573,237 )
Change in fair market value of derivative liabilities     (172,318 )
Balance December 31, 2016   $ 870,921