Quarterly report pursuant to Section 13 or 15(d)

Convertible Notes Payable (Tables)

v3.7.0.1
Convertible Notes Payable (Tables)
6 Months Ended
Jun. 30, 2017
Notes Payable/ Convertible Notes Payable [Abstract]  
Schedule of convertible notes payable
Convertible Note   Issuance Date   Maturity Date   Interest Rate     Original Borrowing     Balance at June 30, 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  
Note 3   March 31,2017   August 30, 2017     5.0 %   $ 10,000     $ 10,000       -  
Note 4   May 22, 2017   August 30, 2017     5.0 %   $ 10,000     $ 10,000       -  
Note 5   June 14, 2017   August 30, 2017     6.0 %   $ 12,000     $ 12,000       -  
                                         
Total                             153,000       121,000  
                                         
Debt Discount                             (7,233 )     -  
                                         
Net balance                           $ 145,767     $ 121,000  
Schedule of fair value of 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   $ 21,000     $ (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 June 30, 
2017 
(unaudited)
 
                   
Note 1 – Issued in 2014   $ 70,334     $ (35,246 )   $ 35,088  
Note 2 – Issued in 2015   $ 21,000     $ (17,062 )   $ 3,938  
                         
Total           $ (52,308 )   $ 39,026