XML 43 R28.htm IDEA: XBRL DOCUMENT v3.6.0.2
Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Summary of Fair Value Measured on Recurring Basis

The financial instrument that is measured at fair value on a recurring basis is summarized as follows as of December 31, 2016:

 

Assets

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

December 31, 2016

 

Derivative embedded conversion feature

 

$

 

 

$

 

 

$

80,651

 

 

$

80,651

 

The financial instrument that is measured at fair value on a recurring basis is summarized as follows as of December 31, 2015:

 

Liabilities

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

December 31, 2015

 

Derivative embedded conversion feature

 

$

 

 

$

 

 

$

120,848

 

 

$

120,848

 

 

Summary of Change in Level 3 Financial Instrument Measured at Fair Value on Recurring Basis

The following table shows the change in Level 3 financial instrument measured at fair value on a recurring basis for the period ended      December 31, 2016:

 

 

 

Derivative asset (liability) embedded conversion feature

 

 

Balance, December 31, 2014

 

$

 

 

Issuance during 2015

 

 

(66,227

)

 

Unrealized (loss) on change in fair value

 

 

(54,621

)

 

Balance, December 31, 2015

 

 

(120,848

)

 

Issuance during 2016

 

 

 

 

Unrealized gain on change in fair value

 

 

201,499

 

 

Balance, December 31, 2016

 

$

80,651