Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

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	$	-	$	2,000
Total Assets measured at fair value	$	894,250	$	2,000	$	-	$	894,250

	Total		(Level 1)		(Level 2)		(Level 3)
Fair-value – equity securities	$	500	$	-	$	-	$	500
Total Assets measured at fair value	$	500	$	-	$	-	$	500

Schedule of Reconciliation of Level 1 & 3 Assets

The following is a reconciliation of the level 3 Assets:

Beginning Balance as of January 1, 2016	$	500

Unrealized gain on (level 3) December 31, 2016		891,750

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

The following is a reconciliation of the level 1 Assets:

Beginning Balance as of January 1, 2016	$	-

Cash deposit (level 1) September 7, 2016		2,000

Ending Balance as of December 31, 2016	$	2,000

Schedule of Property and equipment

Property and equipment as of December 31, 2016 and 2015 consisted of the following:


	Estimated
	Useful Lives	2016		2015
Computer equipment & Software	3 yrs SL	$	5,358	$	-

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