Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Deficit (Tables)

v3.19.1
Stockholders' Deficit (Tables)
 3 Months Ended
Mar. 31, 2019
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 		 
                                     
12/31/2018
$5.00 		  $ 1.170       0.461 - 0.869       40 %     2.54% - 2.61 %     6,379,571     $ 23,507,247  
                                                 
2/28/2019
$5.00 		  $ 1.680       0.710 – 0.800       40 %     2.52 %     5,416,503     $ 17,982,790  
                                                 
3/31/2019
$5.00 		  $ 1.730       0.619       40 %     2.41% - 2.43 %     4,670,820     $ 15,273,579