The Black- Scholes model with the following
assumption inputs:
| |
|
|
September 30, 2017 |
|
| Annual dividend yield |
|
|
— |
|
| Expected life (years) |
|
|
0.01 – 1 year |
|
| Risk-free interest rate |
|
|
0.83% – 1.31% |
|
| Expected volatility |
|
|
91% - 215% |
|
| |
|
|
|
|
| |
|
June 30, 2017 |
|
| Annual dividend yield |
|
|
— |
|
| Expected life (years) |
|
|
0.01 |
|
| Risk-free interest rate |
|
|
0.21 |
% |
| Expected volatility |
|
|
449 |
% |
Fair value of the derivative is summarized
as below :
| Beginning Balance, June 30, 2017 |
|
$ |
1,134,000 |
|
| Additions |
|
|
419,267 |
|
| Mark to Market |
|
|
140,653 |
|
| Reclassification to APIC due to conversions |
|
|
(214,868 |
) |
| Balance, September 30, 2017 |
|
$ |
1,479,052 |
|
|