Quarterly report pursuant to Section 13 or 15(d)

12. Derivative Liability (Tables)

v3.5.0.2
12. Derivative Liability (Tables)
9 Months Ended
Sep. 30, 2016
Derivative Liability Tables  
Assumptions used to determine the fair value of the warrants

 

    Nine months ended September 30,  
    2016     2015  
Stock price ($)     1.65       1.88  
Exercise price ($)     6.25       0 - 6.25  
Risk-free interest rate (%)     1.56       1.75 - 2.06  
Expected volatility (%)     92.4       125.4  
Time to maturity (years)     2.25       7.08 - 8.25