Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments (Tables)

v3.10.0.1
Derivative Instruments (Tables)
9 Months Ended
Sep. 30, 2018
MidMarket Warrants [Member]  
Derivative [Line Items]  
Schedule of assumptions and methodologies for calculation using a binomial lattice pricing model
    September 30, 
2018
    December 31, 
2017
 
             
Fair value of Company’s common stock   $ 0.003     $ 0.27  
Volatility (closing prices of 3-4 comparable public companies, including the Company’s historical volatility)     176 %     215 %
Exercise price per share     $1,600.00 - $2,000.00       $1,600.00 - $2,000.00  
Estimated life     1 year       0.7 years  
Risk free interest rate (based on 1-year treasury rate)     2.59 %     1.65 %
Forward Investments, LLC Convertible Feature [Member]  
Derivative [Line Items]  
Schedule of fair value of derivative measurement using the Monte Carlo simulation with assumptions and methodologies
    September 30, 
2018
    December 31, 
2017
 
Principal and interest amount   $ 1,210     $ 634     $ 1,272     $ 2,088     $ 1,810     $ 582     $ 1,270     $ 2,438  
                                                                 
Conversion price per share      *         *         *         *         *         *         *         *   
Risk free rate     2.88 %     2.88 %     2.19 %     2.19 %     2.00 %     2.00 %     1.39 %     1.39 %
Life of conversion feature (in years)     3.3       3.3       0.3       0.3       4.0       4.0       0.3       0.0  
Volatility     174 %     174 %     199 %     199 %     142 %     142 %     195 %     195 %

 

 

* The conversion price per share is equal to the lesser of $7.80 or 95% of VWAP on the conversion date.
JGB (Cayman) Waltham Ltd. [Member]  
Derivative [Line Items]  
Schedule of fair value of derivative measurement using the Monte Carlo simulation with assumptions and methodologies
    September 30,
2018
    December 31,
2017
 
Principal amount and guaranteed interest   $ 616     $ 3,091  
                 
Conversion price per share      *        *  
Conversion trigger price per share      None        None  
Risk free rate     2.36 %     1.76 %
Life of conversion feature (in years)     0.67       1.41  
Volatility     219 %     201 %

 

 
* The conversion price per share is equal to the lesser of $4.00 or 80% of VWAP on the conversion date.
JGB (Cayman) Waltham Ltd. One [Member]  
Derivative [Line Items]  
Schedule of fair value of derivative measurement using the Monte Carlo simulation with assumptions and methodologies

 
September 30,
2018
    December 31,
2017
 
Principal amount and guaranteed interest   $ 107     $ 294  
                 
Conversion price per share      *        *  
Conversion trigger price per share      None        None  
Risk free rate     2.19 %     1.39 %
Life of conversion feature (in years)     0.25       0.00  
Volatility     199 %     195 %

 

 

* The conversion price per share is equal to the lesser of $4.00 or 80% of VWAP on the conversion date.
Dominion Capital LLC [Member]  
Derivative [Line Items]  
Schedule of fair value of embedded feature of convertible debentures using Monte Carlo simulation
    December 31,
2017
 
Principal amount and guaranteed interest   $ 74  
         
Conversion price per share      *   
Conversion trigger price per share      None   
Risk free rate     1.28 %
Life of conversion feature (in years)     0.08  
Volatility     310 %

 

 

* The conversion price per share was equal to 70% of average daily VWAP for the fifteen trading days prior to the conversion date.
Schedule of fair value of derivative measurement using the Monte Carlo simulation with assumptions and methodologies
    December 31,
2017
 
Principal amount and guaranteed interest   $ 75  
         
Conversion price per share      *   
Conversion trigger price per share      None   
Risk free rate     1.39 %
Life of conversion feature (in years)     0.25  
Volatility     195 %

 

 

* The conversion price per share was equal to the lesser of $10.00 or 75% of average daily VWAP for the fifteen trading days prior to the conversion date.
JGB (Cayman) Concord Ltd. [Member]  
Derivative [Line Items]  
Schedule of fair value of derivative measurement using the Monte Carlo simulation with assumptions and methodologies
    September 30,
2018
    December 31,
2017
 
Principal amount and guaranteed interest   $ 11     $ 11  
                 
Conversion price per share      *        *  
Conversion trigger price per share      None        None  
Risk free rate     2.36 %     1.76 %
Life of conversion feature (in years)     0.67       1.41  
Volatility     219 %     201 %

 

 

* The conversion price per share is equal to the lesser of $4.00 or 80% of VWAP on the conversion date.
SRFF Warrant and Derivative [Member]  
Derivative [Line Items]  
Schedule of assumptions and methodologies for calculation using a binomial lattice pricing model
    September 30,
2018
    December 31,
2017
 
Fair value of Company’s common stock   $ 0.003     $ 0.27  
Volatility     347 %     201 %
Exercise price     0.40       0.400  
Estimated life (in years)     0.25       0.25  
Risk free rate     2.19 %     1.39 %

RDW July 14, 2017 9.9% Convertible Promissory Note [Member]  
Derivative [Line Items]  
Schedule of fair value of derivative measurement using the Monte Carlo simulation with assumptions and methodologies
    December 31,
2017
 
Principal amount and guaranteed interest   $ 162  
         
Conversion price per share      *  
Conversion trigger price per share      None  
Risk free rate     1.53 %
Life of conversion feature (in years)     0.53  
Volatility     198 %

 

 
* The conversion price per share was equal to the lesser of $4.00 or 75% of the average of the lowest 5 prices during the 7 days preceding the conversion date.
RDW September 27, 2017 9.9% Convertible Promissory Note [Member]  
Derivative [Line Items]  
Schedule of fair value of derivative measurement using the Monte Carlo simulation with assumptions and methodologies
    December 31,
2017
 
Principal amount and guaranteed interest   $ 163  
         
Conversion price per share      *  
Conversion trigger price per share      None  
Risk free rate     1.95 %
Life of conversion feature (in years)     0.49  
Volatility     255 %

 

 

* The conversion price per share was equal to the lesser of $4.00 or 75% of the average of the lowest 5 prices during the 20 days preceding the conversion date.
RDW October 12, 2017 9.9% Convertible Promissory Note [Member]  
Derivative [Line Items]  
Schedule of fair value of derivative measurement using the Monte Carlo simulation with assumptions and methodologies
    September 30,
2018
    December 31,
2017
 
Principal amount and guaranteed interest   $ 14     $ 140  
                 
Conversion price per share      *        *  
Conversion trigger price per share      None        None  
Risk free rate     2.19 %     1.73 %
Life of conversion feature (in years)     0.03       0.78  
Volatility     199 %     191 %

 

 

* The conversion price per share is equal to the lesser of $4.00 or 75% of the lowest VWAP over the twenty trading days prior to the date of conversion
RDW December 8, 2017 9.9% Convertible Promissory Note [Member]  
Derivative [Line Items]  
Schedule of fair value of derivative measurement using the Monte Carlo simulation with assumptions and methodologies
    September 30,
2018
    December 31,
2017
 
Principal amount and guaranteed interest   $ 214     $ 484  
                 
Conversion price per share      *        *  
Conversion trigger price per share      None        None  
Risk free rate     2.19 %     1.76 %
Life of conversion feature (in years)     0.19       0.94  
Volatility     205 %     225 %

 

 

* The conversion price per share is equal to the lesser of $4.00 or 65% of the lowest VWAP over the twenty trading days prior to the date of conversion
London Bay - VL Holding Company LLC November 17, 2017 Amendment [Member]  
Derivative [Line Items]  
Schedule of fair value of derivative measurement using the Monte Carlo simulation with assumptions and methodologies
    September 30,
2018
    December 31,
2017
 
Principal amount and guaranteed interest   $ 1,513     $ 1,426  
                 
Conversion price per share     *       *  
Conversion trigger price per share     None       None  
Risk free rate     2.19 %     1.76 %
Life of conversion feature (in years)     0.02       0.77  
Volatility     199 %     204 %

 

 
* The conversion price per share is equal to 95% of the average of the three lowest prices during the 5 days preceding conversion
WV VL Holding Corp November 17, 2017 Amendment [Member]  
Derivative [Line Items]  
Schedule of fair value of derivative measurement using the Monte Carlo simulation with assumptions and methodologies
    September 30,
2018
    December 31,
2017
 
Principal amount and guaranteed interest   $ 2,153     $ 2,028  
                 
Conversion price per share      *        *  
Conversion trigger price per share      None        None  
Risk free rate     2.19 %     1.76 %
Life of conversion feature (in years)     0.02       0.77  
Volatility     199 %     204 %

 

 
* The conversion price per share is equal to 95% of the average of the three lowest prices during the 5 days preceding conversion
Pryor Cashman LLP Warrant [Member]  
Derivative [Line Items]  
Schedule of assumptions and methodologies for calculation using a binomial lattice pricing model
    September 30,
2018
 
Fair value of Company’s common stock   $ 0.003  
Volatility     176 %
Exercise price     0.00075  
Estimated life (in years)     0.64  
Risk free rate     2.59 %
Series K, L, and M Preferred Stock Embedded Conversion [Member]  
Derivative [Line Items]  
Schedule of assumptions and methodologies for calculation using a binomial lattice pricing model
    Series K Preferred Stock     Series L Preferred Stock     Series M Preferred Stock     Series K Preferred Stock     Series L Preferred Stock     Series M Preferred Stock  
    September 30,
2018
    September 30,
2018
    September 30,
2018
    December 31,
2017
    December 31,
2017
    December 31,
2017
 
Fair value of Company’s common stock   $ 0.003     $ 0.003     $ 0.003     $ 0.27     $ 0.27     $ 0.27  
Volatility     161 %     163 %     161 %     160 %     160 %     159 %
Exercise price     3.00       3.00       3.00       3.00       3.00       3.00  
Estimated life     4.12       4.04       4.17       4.86       4.78       4.92  
Risk free interest rate (based on 1-year treasury rate)     2.94 %     2.94 %     2.92 %     2.20 %     2.20 %     2.26 %
RDW July 6, 2018 8% Convertible Promissory Note [Member]  
Derivative [Line Items]  
Schedule of fair value of derivative measurement using the Monte Carlo simulation with assumptions and methodologies
    September 30,
2018
 
Principal amount and guaranteed interest   $ 154  
         
Conversion price per share      *  
Conversion trigger price per share      None  
Risk free rate     2.12 %
Life of conversion feature (in years)     0.16  
Volatility     187 %

 

 

* The conversion price per share is equal to the lesser of $0.04 or 55% of the lowest VWAP over the twenty trading days prior to the date of conversion
Bellridge Capital L P Assignment Agreement [Member]  
Derivative [Line Items]  
Schedule of fair value of derivative measurement using the Monte Carlo simulation with assumptions and methodologies
    September 30,
2018
 
Principal amount and guaranteed interest   $ 132  
         
Conversion price per share      *  
Conversion trigger price per share      None  
Risk free rate     2.36 %
Life of conversion feature (in years)     0.41  
Volatility     302 %

 

 

* The conversion price per share is equal to 80% of the average of the three lowest VWAPs during the 5 days preceding conversion
BOU Trust 8% Convertible Promissory Note [Member]  
Derivative [Line Items]  
Schedule of fair value of derivative measurement using the Monte Carlo simulation with assumptions and methodologies

    September 30,
2018
 
Principal amount and guaranteed interest   $ 31  
         
Conversion price per share      *  
Conversion trigger price per share      None  
Risk free rate     2.59 %
Life of conversion feature (in years)     0.88  
Volatility     210 %

 

 

* The conversion price per share is equal to the lesser of $0.04 or 55% of the lowest VWAP over the twenty trading days prior to the date of conversion

RAI Capital, LLC Settlement Agreement [Member]  
Derivative [Line Items]  
Schedule of fair value of derivative measurement using the Monte Carlo simulation with assumptions and methodologies

    September 30,
2018
 
Principal amount and guaranteed interest   $ 710  
         
Conversion price per share      *  
Conversion trigger price per share      None  
Risk free rate     2.59 %
Life of conversion feature (in years)     0.91  
Volatility     209 %

 

 
* The conversion price per share is equal to 75% of the VWAP on the date of conversion