Quarterly report pursuant to Section 13 or 15(d)

Derivative Liability (Tables)

v3.5.0.2
Derivative Liability (Tables)
6 Months Ended
Jun. 30, 2016
Derivative Liability [Abstract]  
Schedule of fair value of the warrants

    At
Issuance
    June 30,
2016
    December 31, 
2015
 
Market value of stock on measurement date   $ 0.55     $ 0.26     $ 0.25  
Risk-free interest rate     1.12 %     0.71 %     1.31 %
Dividend yield     0 %     0 %     0 %
Volatility factor     55 %     64.3 %     61.0 %
Term     3 years       2.0 years       2.5 years
Schedule of derivative liability
Balance at December 31, 2015   $ 27,266  
Gain on change of fair value     (2,823 )
Balance at June 30, 2016   $ 24,443
Schedule of warrants outstanding
Total # of warrants issued and outstanding     1,055,916  
Weighted-average exercise price   $ 0.75  
Remaining life (in years)     2.0