Private Placement (Details 2) - USD ($) |
12 Months Ended | ||
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Aug. 05, 2015 |
Oct. 31, 2014 |
Dec. 31, 2014 |
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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 |
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- Definition Expected discount rate on the stock. No definition available.
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- Definition It represents the details regarding the duration of warrant in "YYYY-MM-DD". No definition available.
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- Definition Exercise price per share or per unit of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of securities into which the class of warrant or right may be converted. For example, but not limited to, 500,000 warrants may be converted into 1,000,000 shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Agreed upon price for the exchange of the underlying asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Expected dividends to be paid to holders of the underlying shares or financial instruments (expressed as a percentage of the share or instrument's price). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Price of a single share of a number of saleable stocks of a company. No definition available.
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- Details
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