Quarterly report pursuant to Section 13 or 15(d)

Warrants (Tables)

v3.2.0.727
Warrants (Tables)
 6 Months Ended
Jun. 30, 2015
Warrants [Abstract]  
Schedule of assumption used in valuation
Dividend yield    
–     
Risk-free interest rate     0.69% - 1.45%  
Share price at final valuation     1.47  
Expected term (in years)     2.55- 4.55  
Volatility       70-75%  
Periodic rate       0.18% - 0.66%  
Periods in the model       10  
Schedule of warrants activity
Balance   Exercise     Term           Balance
  
Name December 31, 2014   Price     (Years)     Exercised     June 30, 2015  
Placement agent warrants 3,030,000     $ 1.00       5       (48,700 )     2,981,300  
Bridge warrants     2,600,000     $ 1.00       3               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                       (48,700 )     13,747,161