Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.19.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2019
Accounting Policies [Abstract]  
Financial instruments at fair value on a recurring basis
    At March 31, 2019  

 

At December 31, 2018 

 
Description   Level 1     Level 2     Level 3   Level 1     Level 2     Level 3  
Derivative liabilities                         $ 1,742,000      
Roll forward of the level 3 valuation financial instruments
    For the Three Months Ended March 31, 2019  
Balance at beginning of period     1,742,000  
Initial fair value of derivative liabilities as debt discount     206,910  
Initial fair value of derivative liabilities as derivative expense     361,090  
Extinguishment of derivative liability upon repayment/conversion of convertible debt     (3,206,000 )
Change in fair value included in derivative loss     896,000  
Balance at end of period     -  
Anti-dilutive securities
     March 31,2019  
Common stock equivalents:      
Stock warrants     1,362,833  
Stock options     5,434,375  
Convertible notes payable     250,000  
Convertible Preferred Stock       5,542,212  
Total     12,589,420