| Schedule of Derivative Liabilities at Fair Value |
|
Items
recorded or measured at fair value on a recurring basis in the accompanying consolidated financial statements consisted of the
following items as of December 31, 2017:
| |
|
Level
1 |
|
|
Level
2 |
|
|
Level
3 |
|
|
Total |
|
| Derivative
liability |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Warrant
liability |
|
|
|
|
|
|
|
|
|
|
175,975 |
|
|
|
175,975 |
|
| Total |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
175,975 |
|
|
$ |
175,975 |
|
Items
recorded or measured at fair value on a recurring basis in the accompanying consolidated financial statements consisted of the
following items as of December 31, 2016:
| |
|
Level
1 |
|
|
Level
2 |
|
|
Level
3 |
|
|
Total |
|
| Derivative
liability |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
5,115,280 |
|
|
$ |
5,115,280 |
|
| Warrant
liability |
|
|
|
|
|
|
|
|
|
|
26,903 |
|
|
|
26,903 |
|
| Total |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
5,142,183 |
|
|
$ |
5,142,183 |
|
|
| Changes in the fair value of the Company's Level 3 financial liabilities |
| |
|
Warrant
Liability
|
|
| Balance,
December 31, 2017 |
|
$ |
175,975 |
|
| Transfers
in (out): |
|
|
|
|
| Transfers
out of Level 3 upon election of ASC 2017-11 |
|
|
(175,975 |
) |
| Balance,
June 30, 2018 |
|
$ |
- |
|
|
| |
|
Debt
Derivative Liability |
|
|
Warrant
Liability
|
|
| Balance,
December 31, 2015 |
|
$ |
170,531 |
|
|
$ |
22,746 |
|
| Transfers
in (out): |
|
|
|
|
|
|
|
|
| Initial
fair value of debt derivative at note issuance |
|
|
2,537,229 |
|
|
|
- |
|
| Transfers
out of Level 3 upon conversion and settlement of notes |
|
|
(262,271 |
) |
|
|
- |
|
| Mark-to-market
at December 31, 2016: |
|
|
|
|
|
|
|
|
| Embedded
derivative |
|
|
2,669,971 |
|
|
|
4,157 |
|
| Balance,
December 31, 2016 |
|
|
5,115,280 |
|
|
|
26,903 |
|
| Transfers
in (out): |
|
|
|
|
|
|
|
|
| Initial
fair value of debt derivative at note issuance |
|
|
11,023,244 |
|
|
|
- |
|
| Transfers
out of Level 3 upon conversion and settlement of notes |
|
|
(1,146,201 |
) |
|
|
- |
|
| Transfers
out of Level 3 upon note modification |
|
|
(30,806,073 |
) |
|
|
- |
|
| Mark-to-market
at December 31, 2017: |
|
|
|
|
|
|
|
|
| Embedded
derivative |
|
|
15,813,750 |
|
|
|
149,072 |
|
| Balance,
December 31, 2017 |
|
$ |
0 |
|
|
$ |
175,975 |
|
|