Quarterly report pursuant to Section 13 or 15(d)

Convertible Notes Payable (Tables)

v3.7.0.1
Convertible Notes Payable (Tables)
 3 Months Ended
Mar. 31, 2017
Notes Payable/ Convertible Notes Payable [Abstract]  
Schedule of convertible notes payable
Convertible Note   Issuance Date   Maturity Date   Interest Rate     Original Borrowing     Balance at 
March 31, 2017
(unaudited)		     Balance at December 31, 
2016		  
                                 
Note 1   October 2, 2014   December 31, 2015     7.0 %   $ 100,000     $ 100,000     $ 100,000  
Note 2   December 23, 2015   September 23, 2016     16.0 %   $ 21,000     $ 21,000     $ 21,000  
                                         
Total                             121,000       121,000  
                                         
Debt Discount                             -       -  
                                         
Net balance                           $ 121,000     $ 121,000  
Schedule of fair value embedded derivative movement
Embedded Derivative Liabilities   Fair Value at Date of Issuance     Changes in Fair Value     Fair Value at December 31, 2016  
                   
Note 1 – Issued in 2014   $ 70,334     $ (34,778 )   $ 35,556  
Note 2 – Issued in 2015   $ 10,500     $ (17,800 )   $ 3,200  
                         
Total           $ (52,578 )   $ 38,756  

 

Embedded Derivative Liabilities   Fair Value at Date of Issuance     Changes in Fair Value     Fair Value at March 31, 2017 
(unaudited)		  
                   
Note 1 – Issued in 2014   $ 70,334     $ (37,001 )   $ 33,333  
Note 2 – Issued in 2015   $ 21,000     $ (7,857 )   $ 13,143  
                         
Total           $ (44,858 )   $ 46,476