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9. Fair Value of Warrants

12 Months Ended

Dec. 31, 2015

We compute the fair value of liability warrants subject to fair value accounting at each quarter end.

The following tables summarize the assumptions used in computing the fair value of liability warrants subject to fair value accounting at December 31, 2015:

Expected dividend yield		0	%
Risk-free interest rate		0.95	%
Expected volatility		66.37	%
Expected Life (years)		1.63
Exercise price	$	0.01
Company stock price	$	2.90
Fair value of stock	$	2.89

There were no warrants granted during the year ended December 31, 2015 that were recorded as liabilities on the date of grant.