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8. Fair Value of Warrants
3 Months Ended
Mar. 31, 2014
Notes to Financial Statements  
8. Fair Value of Warrants

The following tables summarize the assumptions used in computing the fair value of liability warrants subject to fair value accounting at the date of issue during the three months ended March 31, 2014:

 

Expected dividend yield     0 %
Risk-free interest rate     0. 90% - 1.32 %
Expected volatility     77.79% - 78.09 %
Expected Life (years)     3.2 - 3.8  
Exercise price   $ 0.01  
Company stock price   $ 5.80