2. Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2016

Level 1

Level 2

Level 3

Total

As of December 31, 2016

Beneficial conversion features:

Notes payable

–

409,524

–

409,524

Variable priced warrants:

Derivative liabilities

–

29,401

–

29,401

As of December 31, 2015

Beneficial conversion features:

Notes payable - related parties

–

324,533

–

324,533

Notes payable

–

186,117

–

186,117

Contingently issuable variable priced warrants:

Notes payable - related parties

–

1,945,467

–

1,945,467

Variable priced warrants:

Derivative liabilities

–

7,495,486

–

7,495,486