Quarterly report pursuant to Section 13 or 15(d)

Warrant Liability (Tables)

v3.7.0.1
Warrant Liability (Tables)
3 Months Ended
Mar. 31, 2017
Warrant Liability [Abstract]  
Schedule of Assumptions Used [Table Text Block]
The assumptions used in the BSM and MCM models for the Warrants are as follows:
 
 
 
Three Months
 
Year
 
 
 
Ended
 
Ended
 
 
 
March 31, 2017
 
December 31, 2016
 
Risk- free interest rate
 
0.54%-1.96%
 
-
 
Volatility
 
82.5%-160.11%
 
-
 
Expect life (years)
 
0.25-5.0
 
-
 
Dividend yield
 
0.00%
 
-
 
Schedule of Warrant Activity [Table Text Block]
A summary of our Warrant activity and related information follows:
 
 
 
Number of Shares Under Warrant
 
Range of Warrant Price Per Share
 
Weighted Average Exercise Price
 
Weighted Average Remaining Contractual Life
 
Balance at January 1, 2017
 
 
-
 
 
-
 
 
-
 
 
-
 
Granted
 
 
8,235,923
 
 
$1.35-$1.50
 
$
1.43
 
 
1.6
 
Exercised
 
 
(596,300)
 
 
$1.35
 
$
1.35
 
 
.25
 
Expired
 
 
-
 
 
-
 
 
-
 
 
-
 
Balance at March 31, 2017
 
 
7,639,623
 
 
$1.35-$1.50
 
$
1.43
 
 
1.8
 
Vested and Exercisable at March 31, 2017
 
 
5,943,718
 
 
$1.35-$1.50
 
$
1.41
 
 
2.3