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9. Fair Value of Warrants

12 Months Ended

Dec. 31, 2014

The following tables summarize the assumptions used in computing the fair value of liability warrants subject to fair value accounting at the December 31, 2014:.

Expected dividend yield					0%
Risk-free interest rate					0. 89% - 1.1%
Expected volatility					77.00% - 77.78%
Expected Life (years)					2.5 - 3.0
Exercise price					$ 0.01
Company stock price					$ 5.79

There were no warrants granted during the year ended December 31, 2014 that were recorded as liabilities on the date of grant.