Quarterly report pursuant to Section 13 or 15(d)

Convertible Notes Payable (Tables)

v3.5.0.2
Convertible Notes Payable (Tables)
 6 Months Ended
Jun. 30, 2016
Notes Payable and Convertible Notes Payable [Abstract]  
Schedule of convertible notes payable
Convertible Note   Issuance Date   Maturity Date   Interest Rate     Original Borrowing     Balance at June 30, 2016 
(unaudited)		     Balance at December 31, 2015  
                                 
Note 1   October 2, 2014   December 31, 2015     5.0 %   $ 100,000     $ 100,000     $ 100,000  
Note 2   June 10, 2015   March 13, 2016     8.0 %   $ 28,000     $ -     $ -  
Note 3   December 23, 2015   September 23, 2016     8.0 %   $ 21,000     $ 21,000     $ 21,000  
                                         
Total                             121,000       121,000  
                                         
Debt Discount                             (5,483 )     (9,333 )
                                         
Net balance                           $ 115,517     $ 111,667
Schedule of fair value embedded derivative movement
Embedded Derivative Liabilities   Fair Value at Date of Issuance     Changes in Fair Value     Fair Value at June 30, 
2016 
(unaudited)		  
                   
Note 1 – Issued in 2014   $ 70,334     $ (37,001 )   $ 33,333  
Note 2 – Issued in 2015   $ 20,000     $ (20,000 )   $ -  
Note 3 – Issued in 2015   $ 21,000     $ (618 )   $ 20,382  
                         
Total           $ (57,619 )   $ 53,715  

 

Embedded Derivative Liabilities   Fair Value at Date of Issuance     Changes in Fair Value     Fair Value at December 31, 2015  
                   
Note 1 – Issued in 2014   $ 70,334     $ 5,856     $ 76,190  
Note 2 – Issued in 2015   $ 20,000     $ (20,000 )   $ -  
Note 3 – Issued in 2015   $ 10,500     $ 21,000     $ 31,500  
                         
Total           $ 6,856     $ 107,690