Derivative Liabilities (Tables)

12 Months Ended

Dec. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Assumption Used

The fair value of the embedded derivative was determined using the Black Scholes Model based on the following assumptions:

Dividend yield:	0.00	%
Volatility	31.91	%
Risk free rate:	1.81	%

At December 31, 2016, the convertible liability was re-assessed using the following inputs

Dividend yield:	0.00	%
Volatility	32.35	%
Risk free rate:	2.45	%

At December 31, 2017, the convertible liability was re-assessed using the following inputs:

Dividend yield:	0.00	%
Volatility	21.57	%
Risk free rate:	2.40	%

Schedule of Fair Value of Derivative Liabilities

The following table provides a summary of changes in fair value of the Company’s Level 3 derivative liabilities for the years ended December 31, 2017 and 2016:

	December 31,
	2017			2016
Balance, beginning of the year:	$	332,249		$	-
Additions		-			331,973
Mark-to-market at modification date		48,440			276
Reclassified to additional paid-in capital upon modification of term		-			-
Balance, end of year	$	380,689		$	332,249
Net profit (loss) due to change in fair value for the year, included in statement of operations	$	(48,440	)	$	(276	)

ARMADA ENTERPRISES LP 10-K