Quarterly report pursuant to Section 13 or 15(d)

Warrants (Tables)

v3.4.0.3
Warrants (Tables) - Warrant [Member]
3 Months Ended
Mar. 31, 2016
Class of Warrant or Right [Line Items]  
Summarizes of the assumptions of estimate the fair value warrants granted
    March 31, 2016  
       
Expected dividend yield     0 %
Expected volatility     116 %
Risk-free interest rate     0.73 %
Expected life of warrants     2.19 – 2.24 years  
Schedule of warrant activity

     

 

 

Number of Warrants

     

 

Weighted

Average

Exercise Price

     

 

 

Contractual Life in Years

     

 

 

Intrinsic

Value

 
 Outstanding – December 31, 2015     134,209     $ 23.87       3.66          
 Exercisable – December 31, 2015     104,209     $ 27.87       4.01     $ 0.00  
 Granted     0     $ .00                  
 Forfeited or Expired     (80 )   $ 404.49                  
 Outstanding – March 31, 2016     134,129     $ 23.65       3.42          
 Exercisable – March 31, 2016     104,129     $ 27.58       3.77     $ 0.00