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Stock Warrants (Tables)
9 Months Ended
Sep. 30, 2014
Stock Warrants [Line Items]  
Summary of stock warrant activities
    Nine months ended
September 30, 2014
 
    Number     Weighted average exercise price  
Outstanding and exercisable at beginning of the period   -     $ -  
Issued during the period     820,312     1.71  
Exercised during the period     -       -  
Cancelled or expired during the period     -       -  
Outstanding and exercisable at end of the period     820,312     $ 1.71  
Range of exercise price    

$1.70 to $2.00

 

 

Date of Issuance August 27, 2014 to September 2, 2019 [Member]
 
Stock Warrants [Line Items]  
Fair value of warrants issued was estimated by using the Binominal pricing model

 

Terms of warrants  5 years
Expected volatility  72.0%
Risk-free interest rate  1.69%
Expected dividend yield  0.81%
Date of Issuance September 3, 2014 to June 26, 2019 [Member]
 
Stock Warrants [Line Items]  
Fair value of warrants issued was estimated by using the Binominal pricing model
Terms of warrants  4.81 years
Expected volatility  69.8%
Risk-free interest rate  1.62%
Expected dividend yield  0.81%