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Warrants | 3 Months Ended
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Mar. 31, 2018
Warrants [Abstract] |
WARRANTS | NOTE 13: WARRANTS On January 16, 2018, we entered into the Third Amendment to the Loan and Security Agreement with Slipstream Communications, LLC, a related party investor, under which we obtained a $1.0 million revolving loan, with interest thereon at 8% per annum, maturing on January 16, 2019. In connection with the loan, we issued the lender a five-year warrant to purchase up to 1,851,851 shares of Creative Realities’ common stock at a per share price of $0.27 (subject to adjustment). The fair value of the warrants on the issuance date was $266. Listed below are the range of inputs used for the probability weighted Black Scholes option pricing model valuations when the warrants were issued and at March 31, 2018.
Issuance Date |  | Expected Term at Issuance Date |  |  | Risk Free Interest Rate at Date of Issuance |  |  | Volatility at Date of Issuance |  |  | Stock Price at Date of Issuance |
8/20/2014 |  |  | 5.00 |  |  |  | 1.50 | % |  |  | 96.00 | % |  | $ | 0.63 |
2/13/2015 |  |  | 5.00 |  |  |  | 1.28 | % |  |  | 100.00 | % |  | $ | 0.34 |
5/22/2015 |  |  | 5.00 |  |  |  | 1.28 | % |  |  | 107.58 | % |  | $ | 0.29 |
10/15/2015 |  |  | 5.00 |  |  |  | 1.71 | % |  |  | 58.48 | % |  | $ | 0.22 |
10/26/2015 |  |  | 5.00 |  |  |  | 1.71 | % |  |  | 60.47 | % |  | $ | 0.21 |
12/21/2015 |  |  | 5.00 |  |  |  | 1.75 | % |  |  | 58.48 | % |  | $ | 0.21 |
12/28/2015 |  |  | 5.00 |  |  |  | 1.75 | % |  |  | 58.48 | % |  | $ | 0.16 |
1/15/2016 |  |  | 5.00 |  |  |  | 1.76 | % |  |  | 58.48 | % |  | $ | 0.17 |
5/3/2016 |  |  | 5.00 |  |  |  | 1.25 | % |  |  | 51.15 | % |  | $ | 0.21 |
6/13/2016 |  |  | 5.00 |  |  |  | 1.14 | % |  |  | 51.12 | % |  | $ | 0.17 |
6/29/2016 |  |  | 5.00 |  |  |  | 1.01 | % |  |  | 48.84 | % |  | $ | 0.17 |
8/17/2016 |  |  | 5.00 |  |  |  | 1.15 | % |  |  | 51.55 | % |  | $ | 0.15 |
11/4/2016 |  |  | 5.00 |  |  |  | 1.66 | % |  |  | 47.48 | % |  | $ | 0.16 |
12/12/2016 |  |  | 5.00 |  |  |  | 1.90 | % |  |  | 48.54 | % |  | $ | 0.19 |
8/19/2017 |  |  | 5.00 |  |  |  | 1.81 | % |  |  | 64.71 | % |  | $ | 0.35 |
11/13/2017 |  |  | 5.00 |  |  |  | 2.08 | % |  |  | 66.24 | % |  | $ | 0.29 |
1/16/2018 |  |  | 5.00 |  |  |  | 2.36 | % |  |  | 65.07 | % |  | $ | 0.27 |
Remaining Expected Term at March 31, 2018 |  | Risk Free Interest Rate at March 31, 2018 |  |  | Volatility at March 31, 2018 |  |  | Stock Price at March 31, 2018 |
0.1 - 4.8 |  |  | 2.18 | % |  |  | 65.07 | % |  | $ | 0.30 |
A summary of outstanding debt and equity warrants is included below:
|  | 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, 2018 |  |  | 33,004,011 |  |  |  | 0.47 |  |  |  | 3.55 |  |  |  | 6,487,500 |  |  |  | 0.35 |  |  |  | 1.64 |
Warrants issued with revolver loan |  |  | 1,851,852 |  |  |  | 0.27 |  |  |  | 4.80 |  |  |  | - |  |  |  | - |  |  |  | - |
Warrants expired |  |  | 530,513 |  |  |  | 10.73 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Balance March 31, 2018 |  |  | 34,325,350 |  |  |  | 0.30 |  |  |  | 3.43 |  |  |  | 6,487,500 |  |  |  | 0.35 |  |  |  | 1.39 |

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