Quarterly report pursuant to Section 13 or 15(d)


9 Months Ended
Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of black scholes valuations of derivatives

The significant assumptions used in the Black Scholes valuations of the derivatives at September 30, 2017 are as follows:


Volatility     124%-401%  
Expected term (years)     1 - 55 months  
Risk-free interest rate     0.99% -1.92%  
Dividend yield     None  


During the nine months ended September 30, 2016, we recorded a gain of approximately $0.4 million related to the change in fair value of the derivative liability during the period. For purpose of determining the fair market value of the derivative liability, the Company used Black Scholes option valuation model. The significant assumptions used in the Black Scholes valuation of the derivative are as follows:


Volatility     85%  
Expected term (years)     10 months  
Risk-free interest rate     0.64%  
Dividend yield     None