Quarterly report pursuant to Section 13 or 15(d)

Derivative Liabilities (Tables)

v3.10.0.1
Derivative Liabilities (Tables)
3 Months Ended
Sep. 30, 2018
Derivative Liabilities Tables Abstract  
Schedule of fair value on a recurring basis using significant unobservable inputs

The table below provides a summary of the changes in fair value, including net transfers in and/or out, of all financial assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three months ended September 30, 2018:

 

    Fair Value
Measurement
Using Level 3
Inputs
 
    Total  
Balance, July 1, 2018   $ 1,104,701  
Change in fair value of derivative liabilities     151,299  
Balance, September 30, 2018   $ 1,256,000  

Schedule of weighted average assumptions

The fair value of the derivative features of the convertible note at the balance sheet dates were calculated using the with-and-without method, a form of the income approach, valued with the following weighted average assumptions: 

 

    September 30,
2018
    June 30,
2018
 
Risk free interest rate     2.96 %     2.73 %
Dividend yield     0.00 %     0.00 %
Expected volatility     45 %     42 %
Remaining term (years)     4.67       4.92