Convertible Preferred Stock and Warrants (Tables)

12 Months Ended

Dec. 31, 2015

Convertible Preferred Stock and Warrants [Abstract]

Schedule of warrant liabilities valuation is based on the Black-Scholes option pricing model

Date	Expected Term at December 31, 2015		Risk Free Interest Rate at Date of Issuance			Volatility at Date of Issuance			Stock Price at Date of Issuance
Issued 8/20/2014		5.00		1.50	%		96.00	%	$	0.63
Issued 2/13/2015		5.00		1.28	%		100.00	%	$	0.34
Issued 5/22/2015		5.00		1.28	%		107.58	%	$	0.29
Issued 10/15/2015		5.00		1.71	%		58.48	%	$	0.22
Issued 10/26/2015		5.00		1.71	%		60.47	%	$	0.21
Issued 12/21/2015		5.00		1.75	%		58.48	%	$	0.21
Issued 12/28/2015		5.00		1.75	%		58.48	%	$	0.16
Year End December 31, 2015		3.64-4.99		1.45%-1.75	%		58.48	%	$	0.25

Summary of outstanding debt and equity warrants

	Warrants (Equity)						Warrants (Liability)
	Amount		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Amount		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life
Balance, January 1, 2014
Assumed as part of CRI merger		2,811,561		7.60		2.11		-		-		-
Warrants issued to Affiliate		1,779,015		0.36		4.64		-		-		-
Warrants issued with convertible preferred stock		-		-		-		6,487,500		0.37		4.64
Warrants issued to financial advisors		-		-		-		527,625		0.50
Balance, December 31, 2014		4,590,576		4.84		3.09		7,015,125		0.50		4.64
Issued with promissory note to CEO as part of ConeXus merger		-		-		-		267,857		0.28		4.79
Warrants issued to financial advisors		-		-		-		1,750,000		0.28		4.62
Warrants isued with Preferred Stock		-		-		-		331,250		0.37		4.13
Warrants issued with Promissory Notes		1,575,210		0.28		4.48		4,423,009		0.28		4.62
Balance, December 31, 2015		6,165,786		0.33		4.04		13,787,241		0.33		4.23

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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