Derivative Liability (Details Textual) - USD ($) |
1 Months Ended | 3 Months Ended | |
---|---|---|---|
Jun. 30, 2015 |
Mar. 31, 2016 |
Dec. 31, 2015 |
|
Derivative Liability (Textual) | |||
Common stock, par value | $ 0.0001 | $ 0.0001 | |
Number of shares issued in private placement | 959,924 | ||
Price per share | $ 0.01 | $ 0.55 | |
Exercise price of warrant | $ 0.75 | ||
Private offering exercise price description | Each Unit included one share of Common Stock, par value $0.0001 per share, and a three-year Warrant to purchase one share of Common Stock at an initial exercise price per share equal to $0.75, subject to adjustment for certain corporate transactions such as a merger, stock-split or stock dividend. | ||
Warrant's derivative liability fair value | $ 22,080 | $ 27,266 | |
Placement agent warrants description | The Company has also issued to the placement agent warrants to purchase our shares of Common Stock equal to 10% of the total shares sold in the offering, or 95,992 shares. | ||
Gain on change of fair value | $ 5,186 |