Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.19.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2019
Accounting Policies [Abstract]  
Financial instruments at fair value on a recurring basis
    At June 30, 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 Six
Months Ended
June 30, 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  
Gain on extinguishment of debt     (3,206,000 )
Change in fair value included in derivative loss     896,000  
Balance at end of period   $ —    
Anti-dilutive securities
    June 30,
2019
Common Stock equivalents:        
Stock warrants     1,154,500  
Stock options     5,684,375  
Convertible notes payable     250,000  
Convertible Preferred Stock     5,542,212  
Total     12,631,087