Quarterly report pursuant to Section 13 or 15(d)

Warrants (Tables)

v3.5.0.2
Warrants (Tables) - Warrant [Member]
9 Months Ended
Sep. 30, 2016
Class of Warrant or Right [Line Items]  
Summarizes of the assumptions of estimate the fair value warrants granted

      2016  
         
  Expected dividend yield     0 %
  Expected volatility     108 %
  Risk-free interest rate     0.99 %
  Expected life of warrants     3.0 years  

  

      2016  
         
  Expected dividend yield     0 %
  Expected volatility     105 - 108 %
  Risk-free interest rate     0.73 %
  Expected life of warrants     1.69 – 2.04 years  
Schedule of warrant activity

      Number of Warrants     Weighted
Average
Exercise
Price per
Share
    Weighted
Average
Contractual
Life in
Years
    Aggregate
Intrinsic
Value
 
  Outstanding – December 31, 2015     134,209     $ 23.87       3.66          
  Exercisable – December 31, 2015     104,209     $ 27.87       4.01     $ 0  
  Granted     60,000     $ 2.91                  
  Forfeited or Expired     (80 )   $ 404.49                  
  Outstanding – September 30, 2016     194,129     $ 17.24       2.81     $ 0  
  Exercisable – September 30, 2016     181,629     $ 17.73       2.89     $ 28,800