Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

v3.7.0.1
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2017
Accounting Policies [Abstract]  
Schedule of Estimated Useful Life of Property and Equipment

The estimated useful lives of property and equipment are generally as follows:

 

  Years
Office furniture and fixtures 4
Computer equipment 4
Appliques 10
Website development 2

Schedule of Reconciliation of Derivative Liability Measured at Fair Value

The following table presents a reconciliation of the derivative liability measured at fair value on a recurring basis using significant unobservable input (Level 3) from January 1, 2017 to June 30, 2017:

 

   

Conversion

Feature

Derivative

Liability

     Warrant Liability     Total  
Balance at January 1, 2017   $ -     $ 1,237     $ 1,237  
Change in fair value included in earnings     -       (1,237 )     (1,237 )
Balance June 30, 2017   $ -     $ -     $ -  
Schedule of Dilutive Common Stock Equivalents

The following are dilutive common stock equivalents during the period ended:

 

    June 30, 2017     June 30, 2016  
Convertible preferred stock     370,180,815       209,416,215  
Stock options     42,850,000       2,850,000  
Stock warrants     -       5,000  
Total     413,030,815       212,271,215