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8. Fair Value of Warrants

6 Months Ended

Jun. 30, 2015

The following table summarizes the assumptions used in computing the fair value of warrants subject to liability and fair value accounting at the date of issue during the three months ended June 30, 2015:

Expected dividend yield
Risk-free interest rate		0. 64% - 0.83%
Expected volatility		73.12% - 76.64%
Expected Life (years)		2.0 - 2.5
Exercise price	$	0.01
Company stock price	$	3.60