Derivative Liabilities (Tables)

9 Months Ended

Dec. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Estimated Fair Values of Liabilities Measured on Recurring Basis

As of December 31, 2018, the estimated fair values of the liabilities measured on a recurring basis are as follows:

	Nine months ended
	December 31, 2018
Expected term	1.28 - 1.76 years
Volatility	137% - 166	%
Risk free rate	2.57% - 2.81	%
Dividend	-

Schedule of Changes in Derivative Liabilities

The following table summarizes the changes in the derivative liabilities during the nine months ended December 31, 2018:

Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Balance – March 31, 2018	$	-
Addition of new derivatives recognized as debt discounts		248,622
Addition of new derivatives recognized as day-one loss		85,197
Change in derivative liabilities recognized as loss on derivative		(123,529	)
Balance - December 31, 2018	$	210,290

Summary of Gain On Derivative Liability Included in Operation Statement

The following table summarizes the gain on derivative liability included in our statement of operation for during the nine months ended December 31, 2018:

	Nine months ended
	December 31, 2018
Day-one loss due to derivative liabilities on convertible note payable	$	85,197
Change in derivative liabilities recognized as gain on derivative		(123,529	)
Gain on change in fair value of derivative liabilities	$	(38,332	)

Fuquan Financial Co 10-Q