Annual report pursuant to Section 13 and 15(d)

Private Placement (Details 2)

v3.3.1.900
Private Placement (Details 2) - USD ($)
12 Months Ended
Aug. 05, 2015
Oct. 31, 2014
Dec. 31, 2014
Fair market value of shares   $ 1.77 $ 2.18
Volatility   80.00% 80.00%
Financing Warrants [Member]      
Fair market value of shares $ 5.00 $ 1.77 $ 2.18
Assumed exercise price $ 3.00 $ 3.00 $ 3.00
Term in years 4 years 3 months 5 years 4 years 10 months 2 days
Volatility 80.00% 80.00% 80.00%
Annual rate of dividends 0.00% 0.00% 0.00%
Discount rate 1.55% 1.62% 1.65%
Call option value $ 3.51 $ 0.88 $ 1.14
Warrant shares issuable 251,187 220,268 220,268
Warrants fair value $ 881,359 $ 212,155 $ 275,827