General form of registration statement for all companies including face-amount certificate companies

Derivative Liability (FY) (Tables)

v3.19.3
Derivative Liability (FY) (Tables)
4 Months Ended 6 Months Ended
Dec. 31, 2018
Jun. 30, 2019
Derivative Liability [Abstract]    
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation

The following schedule shows the change in fair value of the derivative liabilities for the period ended December 31, 2018, August 31, 2018 and August 31, 2017:

 

   

Derivative

 
   

Liability

 

Liabilities Measured at Fair Value

       
         

Balance as of August 31, 2016

  $ 254,952  
         

Issuances

    685,139  
         

Redemptions / conversions

    (1,015,757

)

         

Revaluation loss

    388,544  
         

Balance as of August 31, 2017

  $ 312,878  
         

Issuances

    1,565,487  
         

Redemptions / conversions

    (1,207,308

)

         

Reclass from sale of discontinued operations

    1,601,007  
         

Revaluation loss

    45,348  
         

Balance as of August 31, 2018

  $ 2,317,412  
         

Issuances

    6,244,548  
         

Redemptions / conversions

    -  
         

Revaluation loss

    1,135,345  
         

Balance as of December 31, 2018

  $ 7,379,893  
 
Fair Value Measurement Inputs and Valuation Techniques

Derivative liabilities incurred during the period ended August 31, 2018 were valued based upon the following assumptions and key inputs:

 

   

August 31,

   

August

 

Assumption

 

2018

   

2017

 

Expected dividends:

    0

%

    0

%

Expected volatility:

    121.1-246.8

%

    37.8-276.9

%

Expected term (years):

 

0.21-1.00 years

   

0.04-0.50 years 

 

Risk free interest rate:

    0.97-2.08.

%

    0.26-0.98

%

Stock price

  $ 0.35-1.11     $ 0.51-1.97  
   
May 6, 2019
   
June 30, 2019
 
Warrant Liability
           
Stock Price
 
$
6.00
   
$
6.35
 
Exercise Price
 
$
3.90
   
$
3.90
 
Remaining term (in years)
   
1.60 – 1.68
     
1.45 – 1.53
 
Volatility
   
64
%
   
65
%
Risk-free interest rate
   
2.39
%
   
1.98
%