Quarterly report pursuant to Section 13 or 15(d)

Warrants (Tables)

v2.4.1.9
Warrants (Tables)
 3 Months Ended
Mar. 31, 2015
Warrants [Abstract]  
Schedule of assumption used in valuation
Dividend yield    
–     
Risk-free interest rate     0.90% - 1.73%  
Share price at final valuation     3.90  
Expected term (in years)     2.80- 4.80  
Volatility       79%  
Periodic rate       0.25% - 0.83%  
Periods in the model       10  
Schedule of warrants activity
Balance   Exercise     Term           Balance
  
Name December 31, 2014   Price     (Years)     Exercised     March 31, 2015  
Placement agent warrants 3,030,000     $ 1.00       5       (32,700 )     2,997,300  
Bridge warrants     2,600,000     $ 1.00       5               2,600,000  
PPO warrants     7,544,500     $ 2.00       5               7,544,500  
Pre Merger/PPO warrants     621,361     $ 1.38       various               621,361  
Total     13,795,861                       (32,700 )     13,763,161