Quarterly report pursuant to Section 13 or 15(d)

NOTE 11 - FAIR VALUE MEASUREMENT (Tables)

v3.7.0.1
NOTE 11 - FAIR VALUE MEASUREMENT (Tables)
3 Months Ended
Mar. 31, 2017
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 March 31, 2017:

 
 
Warrant
Liability
   
Derivative
 
Balance, December 31, 2016
   
1,937,234
     
288,934
 
Mark to market to March 31, 2017
   
365,041
     
8,570
 
Balance, March 31, 2017
 
$
2,302,275
   
$
297,504
 
Loss on change in warrant and derivative liabilities for the three months ended March 31, 2017
 
$
(365,041
)
 
$
(8,570
)