Quarterly report pursuant to Section 13 or 15(d)

Warrant Liability (Tables)

v3.5.0.2
Warrant Liability (Tables)
9 Months Ended
Sep. 30, 2016
Warrant Liability Tables  
Schedule of Aggregate Fair Values, Warrants
    September 30,     December 31,  
    2016     2015  
Calculated aggregate value   $ 120,513     $ 2,327,195  
Weighted average exercise price per share of warrant   $ 27.60     $ 18.60  
Closing price per share of common stock   $ 1.74     $ 5.00  
Weighted average volatility     93.56 %     83.6 %
Weighted average remaining expected life (years)     2.77       5.11  
Weighted average risk-free interest rate     0.88       1.90  
Dividend yield     0 %     0 %