XML 29 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
Derivatives (Tables)
 9 Months Ended
Sep. 30, 2016
Derivatives [Abstract]  
Schedule of derivative warrant instruments activity

  Shares
subject to
warrants		  Fair Value 
       
Balance, December 31, 2015  1,627,369  $2,848,902 
         
Transfer from liability to equity classification  (12,109)  (17,455)
         
Change in fair value  -   (2,399,639)
         
Balance, September 30, 2016  1,615,260  $431,808 
Summary of fair values of derivative warrants

  September 30,  December 31, 
  2016  2015 
       
Market value of common stock on measurement date (1) $1.35  $3.23 
Adjusted exercise price $2.34  $2.48 
Risk free interest rate (2)  0.59%  1.06%
Warrant lives in years  1.25 years   2.0 years 
Expected volatility (3)  75%  87%
Expected dividend yield (4)  -   - 
Probability of stock offering in any period over 5 years (5)  100%  100%
Offering price (6) $1.25  $2.60