Annual report pursuant to Section 13 and 15(d)

NOTE 10 - FAIR VALUE MEASUREMENT (Tables)

v3.19.1
NOTE 10 - FAIR VALUE MEASUREMENT (Tables)
12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The following table provides a summary of changes in fair value of the Company’s level 3 financial liabilities as of December 31, 2018:

   

Warrant

Liability

   

Derivative

 

Balance, December 31, 2016

  $ 1,937,234     $ 288,934  

Total (gains) losses

               

Initial fair value of warrant liability at date of issuance

    652,054       -  

Initial fair value of derivative at date of issuance of Series D Preferred Stock

    -       397,162  

Transfers out due to conversion of Series C Preferred Stock

    -       (20,757

)

Mark to market to December 31, 2017

    (231,048

)

    20,583  

Balance, December 31, 2017

    2,358,240       685,922  

Total (gains) losses

               

Transfers out due to the adoption of ASU 2017-11 effective January 1, 2018

    (2,358,240

)

    (685,922

)

Balance, December 31, 2018

    -       -  

Gain (loss) on change in warrant and derivative liabilities for the year ended December 31, 2018

  $ -     $ -