Annual report pursuant to Section 13 and 15(d)

Stockholders' Deficit (Tables)

v3.19.1
Stockholders' Deficit (Tables)
 12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Schedule of Fair Value Measurements Using Significant Unobservable Inputs (Level 3)

The table below presents the Company’s liabilities arising from the Warrants measured at fair value on a recurring basis as of the dates set forth above, with the level in the fair value hierarchy within which those measurements fall.

 

Fair Value Measurements of Series B Warrants Using Significant Unobservable

Inputs (Level 3)

 

Dates Exercise Price   Stock Price     Term     Volatility     Risk
Free Rate 		    No. of Warrants     FV
of Warrant 		 
11/14/2018
$5.00 		  $ 5.000       1.000       35 %     2.71 %     5,979,070     $ 8,190,447  
12/17/2018
$3.77 		  $ 1.270       0.500       35 %     2.54 %     400,500     $ 980,375  
12/31/2018
$5.00 		  $ 1.170       0.869       40 %     2.61 %     5,979,070     $ 22,505,397  
12/31/2018
$3.77 		  $ 1.170       0.461       40 %     2.54 %     400,500     $ 1,001,850