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Derivative Liabilities (Tables)
12 Months Ended
Dec. 31, 2014
Derivative Liabilities  
Fair value assumptions used to value derivatives

The fair value of the underlying common stock was based on the sale of 139,167 shares of common stock at $3.00 by the Company during the three months ended June 30, 2013.

 

Estimated fair value of underlying common stock

 

$

3.00 

 

Remaining life in years

 

3.15 

 

Risk-free interest rate

 

0.38 

%

Expected volatility

 

142 

%

Dividend yield