Annual report pursuant to Section 13 and 15(d)

Schedule of Aggregate Fair Values, Warrants (Details)

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Schedule of Aggregate Fair Values, Warrants (Details) - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Calculated aggregate value $ 2,327,195 $ 4,633,312
Weighted average exercise price per share of warrant $ 3.72 $ 3.72
Closing price per share of common stock $ 1.00 $ 1.55
Weighted average volatility 83.60% 89.80%
Weighted average remaining expected life (years) 5 years 1 month 10 days 6 years 1 month 10 days
Weighted average risk-free interest rate 1.90% 1.94%
Dividend yield 0.00% 0.00%