• Filing Date: 2018-05-15
  • Form Type: 10-Q
  • Description: Quarterly report
v3.8.0.1
KFBV Loans and Derivative Liability Disclosure: Fair values assumptions of the warrants - Third KF loan (Tables)
3 Months Ended
Mar. 31, 2018
Tables/Schedules  
Fair values assumptions of the warrants - Third KF loan

 

 

At March 31,

2018

At December 31,

2017

Expected Warrant Life

2.80 years

3.04 years

Risk-Free Interest Rate

2.39%

1.98%

Expected Dividend Yield

Nil

Nil

Average Expected Stock Price Volatility

60%

60%

 

At December 31, 2017 and 2016, the fair value of the Third KF Loan Conversion Feature was revalued using the Binomial Lattice model using the following assumptions:

 

 

At March 31,

2018

At December 31,

2017

Amount Eligible for Conversion

$1,972,446

$1,901,252

Share Price

$0.0128

$0.0097

Expected Life

on demand

on demand

Risk-Free Interest Rate

1.63%

0.96%

Expected Dividend Yield

Nil

Nil

Expected Stock Price Volatility

57%

57%