Quarterly report pursuant to Section 13 or 15(d)

Warrant Liability (Tables)

v3.8.0.1
Warrant Liability (Tables)
9 Months Ended
Sep. 30, 2017
Warrant Liability [Abstract]  
Schedule of Assumptions Used
The assumptions used in the BSM and MCM models for the Warrants are as follows:
 
 
 
Nine Months Ended September 30, 2017
 
Year Ended December 31,
2016
Risk-free interest rate
 
1.68%-1.86%
 
Volatility
 
80.00%-160.11%
 
Expected life (years)
 
0.5-5.0
 
Dividend yield
 
—%
 
Schedule of Warrant Activity
A summary of our Warrant activity and related information follows:

Description
 
Number of
Shares Under
Warrant
 
Range of
Warrant Price
per Share
 
Weighted
Average
Exercise Price
 
Weighted Average
Remaining
Contractual Life (Years)
Balance at January 1, 2017
 

 

 

 

Granted
 
8,235,923

 
$1.35-$1.50

 
$
1.43

 
1.6

Exercised
 
(2,703,434
)
 

 
$
1.46

 

Expired
 
(5,087,717
)
 

 
$
1.40

 

Balance at September 30, 2017
 
444,772

 

 
$
1.46

 
4.63

Vested and Exercisable at September 30, 2017
 
444,772

 
$1.35-$1.50

 
$
1.46

 
4.63