Quarterly report pursuant to Section 13 or 15(d)

Warrants (Tables)

v3.3.0.814
Warrants (Tables)
 9 Months Ended
Sep. 30, 2015
Warrants [Abstract]  
Schedule of assumption used in valuation
Dividend yield    
–      
Risk-free interest rate     0.72- 1.53 %
Share price at final valuation     0.84  
Expected term (in years)     2.30- 4.30  
Volatility       65-70 %
Periodic rate       0.17- 0.66 %
Periods in the model       10  
Schedule of warrants activity
Balance   Exercise     Term           Balance
  
Name December 31, 2014   Price     (Years)     Exercised     September 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       (2,720 )      618,641  
Total     13,795,861                       (51,420 )     13,744,441