Derivative Financial Instruments and Fair Value Measurements (Tables)

3 Months Ended

Sep. 30, 2019

Convertible Debt

	Initial Valuations (on new derivative instruments entered into during the three months ended September 30, 2019)			September 30, 2019
Volatility		279.44	%		225.70	%
Expected Remaining Term (in years)		1			0.16 - 0.76
Risk Free Interest Rate		1.98	%		1.75% –1.91 %
Expected dividend yield		None			None

The following tables summarize the Company’s financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2019:

	Balance at September 30, 2019		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
			(Level 1)		(Level 2)		(Level 3)
Embedded conversion option liabilities	$	254,308	$	—	$	—	$	254,308
Total	$	254,308	$	—	$	—	$	254,308

The following is a roll forward for the three months ended September 30, 2019 of the fair value liability of price adjustable derivative instruments:

	Fair Value of
	Liability for
	Derivative
	Instruments
Balance at June 30, 2019	$	698,264
Initial fair value of embedded conversion option derivative liability recorded as debt discount		75,000
Initial fair value of embedded conversion option derivative liability recorded as expense		80,904
Change in fair value included in statements of operations		(599,860	)
Balance at September 30, 2019	$	254,308