Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2017

Schedule of Fair Value on Recurring Basis of Assets

The following table presents certain assets of the Company’s measured and recorded at fair value on the Company’s balance sheet on a recurring basis and their level within the fair value hierarchy as of December 31, 2016.

	Total		(Level 1)		(Level 2)		(Level 3)
Fair-value – equity securities	$	892,250	$	-	$	-	$	892,250
Overnight sweep deposits	$	2,000	$	2,000	$	-	$	-
Total Assets measured at fair value	$	894,250	$	2,000	$	-	$	892,250

	Total		(Level 1)		(Level 2)		(Level 3)
Fair-value – equity securities	$	235,000	$	-	$	-	$	235,000
Overnight sweep deposits	$	2,000	$	2,000	$	-	$	-
Total Assets measured at fair value	$	237,000	$	2,000	$	-	$	235,000

Schedule of Reconciliation of Level 1 & 3 Assets

The following is a reconciliation of the level 3 Assets:

Beginning Balance as of December 31, 2016	$	892,250

Unrealized loss on (level 3) investments September 30, 2017		(657,250	)

Ending Balance as of September 30, 2017	$	235,000

Schedule of Property and Equipment

Property and equipment as of September 30, 2017 and December 31, 2016 consisted of the following:

	Estimated
	Useful Lives	2017		2016
Computer equipment & Software	3 yrs SL	$	5,358	$	5,358

Furniture	3 yrs SL		4,622		4,622
Total			9,980		9,980
Less Accumulated Depreciation			4,055		1,327
Property and Equipment, net			5,925	$	8,653