Summary of Significant Accounting Policies: Valuation of Derivative Instruments Policy (Policies)
|9 Months Ended|
Sep. 30, 2018
|Valuation of Derivative Instruments Policy||
Valuation of Derivative Instruments
ASC 815-40 requires that embedded derivative instruments be bifurcated and assessed, along with free-standing derivative instruments such as warrants, on their issuance date and in accordance with ASC 815-40-15 to determine whether they should be considered a derivative liability and measured at their fair value for accounting purposes. In determining the appropriate fair value, the Company uses the Binomial option pricing formula and present value pricing. At September 30, 2018, we adjusted our derivative liabilities to their fair value, and reflected the changes in fair value in our condensed statements of operations.
Disclosure of accounting policy for derivatives that either were not designated as hedging instruments or do not qualify for hedge accounting.
Reference 1: http://www.xbrl.org/2003/role/presentationRef