XML 34 R13.htm IDEA: XBRL DOCUMENT
v3.7.0.1

NOTE 7 - FAIR VALUE MEASUREMENTS | 6 Months Ended
--- | ---
Jun. 30, 2017
Fair Value Disclosures [Abstract] |
NOTE 7 - FAIR VALUE MEASUREMENTS | NOTE 7 – FAIR VALUE MEASUREMENTS We currently measure and report at fair value the liability for warrant derivative instruments. The fair value liabilities for price adjustable warrants have been recorded as determined utilizing the BSM option pricing model and Monte Carlo simulations. The following tables summarize our financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2017:
|  | Balance at June 30, 2017 |  |  | Quoted Prices in Active Markets for Identical Assets |  |  | Significant Other Observable Inputs |  |  | Significant Unobservable Inputs |
|  |  |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Fair value of liability for warrant derivative instruments |  | $ | 2,161,426 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,161,426 |
The following is a roll forward through June 30, 2017 of the fair value liability of warrant derivative instruments:
|  | Fair Value of |  |
|  | Liability for |  |
|  | Warrant |  |
|  | Derivative |  |
|  | Instruments |  |
Balance at December 31, 2016 |  | $ | 793,099 |  |
Initial fair value of warrant liability |  |  | 1,081,000 |  |
Change in fair value included in other (income) loss |  |  | 287,327 |  |
Balance at June 30, 2017 |  | $ | 2,161,426 |  |

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -URI http://asc.fasb.org/topic&trid=2155941 + Details
Name: | us-gaap_FairValueMeasurementInputsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration