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Share-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of various assumptions used to calculate the Black-Scholes option pricing model for stock options granted during the periods

The following table illustrates the various assumptions used to calculate the Black-Scholes option pricing model for stock options granted during the periods presented:

 

For the three months ended  Sept 30, 2016  Sept 30, 2015
Weighted-average risk-free interest rates:   —    1.7%
Dividend yield:   —    — 
Weighted-average expected life of the option:   —    7 Years 
Weighted-average expected stock price volatility:   —    95%
Weighted-average fair value of the options granted:   —   $0.34 

 

For the nine months ended  Sept 30, 2016  Sept 30, 2015
Weighted-average risk-free interest rates:   1.4%   1.7%
Dividend yield:   —    — 
Weighted-average expected life of the option:   7 Years    7 Years 
Weighted-average expected stock price volatility:   95%   95%
Weighted-average fair value of the options granted:  $0.34   $0.44