Annual report pursuant to Section 13 and 15(d)

Warrants (Tables)

v3.6.0.2
Warrants (Tables) - Warrant [Member]
12 Months Ended
Dec. 31, 2016
Class of Warrant or Right [Line Items]  
Summarizes of the assumptions of estimate the fair value warrants granted

      2016     2015  
               
  Expected dividend yield     0 %   0 %
  Expected volatility     105 – 108 %   116-121 %
  Risk-free interest rate     .73 – .99 %   .87-1.70 %
  Expected life of warrants    

1.4 – 3 years

    2.4 – 5 years
Schedule of warrant activity

      Number of Warrants     Weighted 
Average 
Exercise Price
    Weighted Average Remaining Contractual Life in Years     Aggregate Intrinsic 
Value
 
  Outstanding – December 31, 2014     12,129     $ 206.86       2.04          
  Exercisable – December 31, 2014     12,129     $ 206.86       2.04     $ 0.00  
  Granted     122,500     $ 6.53                  
  Forfeited or Expired     (420 )   $ 250.35                  
  Outstanding – December 31, 2015     134,209     $ 23.87       3.66          
  Exercisable – December 31, 2015     104,209     $ 27.87       4.01     $ 0.00  
  Granted     60,000     $ 2.91                  
  Forfeited or Expired     (10,472 )   $ 193.72                  
  Outstanding – December 31, 2016     183,737     $ 7.35       2.70          
  Exercisable – December 31, 2016     171,237     $ 7.15       2.79     $ 0.00