Quarterly report pursuant to Section 13 or 15(d)

CONVERTIBLE NOTE PAYABLE (Tables)

v3.5.0.2
CONVERTIBLE NOTE PAYABLE (Tables)
 6 Months Ended
Jun. 30, 2016
Debt Disclosure [Abstract]  
Schedule of optional redemption derivative liability is measured monte carlo simulation

The fair value of the Optional Redemption derivative liability is measured in accordance with ASC 820 “Fair Value Measurement”, using “monte carlo simulation” modeling incorporating the following inputs:

 

    June 30, 2016  
       
Expected dividend yield     0.00 %
Expected stock-price volatility     50% - 60 %
Risk-free interest rate     0.36 %
Expected term of options (years)     .5 - 1.0  
Stock price   $ 0.25  
Conversion price   $ 0.12  
Schedule of fair value assumptions using monte carlo simulation

The fair value of the embedded derivative liability is measured in accordance with ASC 820 “Fair Value Measurement”, using “monte carlo simulation” modeling incorporating the following inputs:

 

    Six Months Ended     Year Ended  
    June 30, 2016     December 31, 2015  
             
Expected dividend yield     0.00 %     0.00 %
Expected stock-price volatility     50% - 60 %     50.0 %
Risk-free interest rate     0.36 %     0.47% - 0.86 %
Expected term of options (years)     .5 - 1.0       .5 - 1.5  
Stock price   $ 0.25     $ 0.25  
Conversion price   $ 0.12     $ 0.12  
Schedule of purchaser warrants fair value assumptions using monte carlo simulation

The fair value of the Purchaser Warrants is measured in accordance with ASC 820 “Fair Value Measurement”, using “monte carlo simulation” modeling, incorporating the following inputs:

  

    Six Months Ended     Year Ended  
    June 30, 2016     December 31, 2015  
             
Expected dividend yield     0.00 %     0.00 %
Expected stock-price volatility     50% - 60 %     50.0 %
Risk-free interest rate     0.93 %     1.74 %
Expected term of options (years)     .5 - 1.0       .5 - 1.5  
Stock price   $ 0.25     $ 0.25  
Exercise price   $ 0.30     $ 0.30