• Filing Date: 2018-04-17
  • Form Type: 10-K
  • Description: Annual report
v3.8.0.1
5. FAIR VALUE MEASUREMENTS
12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS

Our financial assets and liabilities carried at fair value measured on a recurring basis as of December 31, 2017 and 2016, consisted of the following:

 

   Total fair   Quoted prices   Significant other   Significant 
   value at   in active   observable   unobservable 
   December 31,   markets   inputs   inputs 
Description  2017   (Level 1)   (Level 2)   (Level 3) 
Derivative liability (1)  $666,123   $   $   $666,123 

 

   Total fair   Quoted prices   Significant other   Significant 
   value at   in active   observable   unobservable 
   December 31,   markets   inputs   inputs 
Description  2016   (Level 1)   (Level 2)   (Level 3) 
Derivative liability (1)  $350,700   $   $   $350,700 

 

  (1) The Company has estimated the fair value of these embedded derivatives for convertible debenture using a multinomial lattice model.