Derivative Liability (Details Textual) - USD ($) |
1 Months Ended | 3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|---|
Jun. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
Dec. 31, 2015 |
|
Derivative Liability (Textual) | ||||||
Common stock, par value | $ 0.0001 | $ 0.0001 | $ 0.0001 | |||
Number of shares issued in private placement | 959,924 | |||||
Price per share | $ 0.01 | $ 0.01 | ||||
Exercise price of warrant | $ 0.55 | $ 0.75 | $ 0.75 | |||
Exercise price of warrant description | The initial exercise price of the Warrant of $0.75 per share shall be reduced to $0.55 per share if a registration statement is not filed within 60 days after the date of issue or not declared effective within 270 days after the date of issue | |||||
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 | $ 22,310 | $ 22,310 | $ 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 derivative liability | $ 2,133 | $ 126,575 | $ 4,956 | $ 126,575 |