Derivative Liabilities (Tables)

6 Months Ended

Sep. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Estimated Fair Values of the Liabilities Measured On Recurring Basis

As of September 30, 2018, the estimated fair values of the liabilities measured on a recurring basis are as follows:

			Six months ended
			September 30, 2018
Expected term			1.53 - 1.75 years
Volatility			137% - 166%
Risk free rate			2.57% - 2.81%
Dividend			-

Schedule of Changes in the Derivative Liabilities

The following table summarizes the changes in the derivative liabilities during the six months ended September 30, 2018:

Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Balance – March 31, 2018	$	-
Addition of new derivatives recognized as debt discounts		199,372
Addition of new derivatives recognized as day-one loss		85,197
Change in derivative liabilities recognized as loss on derivative		(119,958	)
Balance - September 30, 2018	$	164,611

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 six months ended September 30, 2018:

	Six months ended
	September 30, 2018
Day-one loss due to derivative liabilities on convertible note payable	$	85,197
Change in derivative liabilities recognized as gain on derivative		(119,958	)
Gain on change in fair value of derivative liabilities	$	(34,761	)

Fuquan Financial Co 10-Q