Derivative Liability (Details Textual) - USD ($) |
1 Months Ended | 12 Months Ended | |
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Jun. 30, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
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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 | $ 0.55 | $ 0.01 | |
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 | $ 108,809 | $ 27,266 | |
Loss on change of fair value | $ 81,543 | ||
Gain on change of fair value | $ 136,266,000 | ||
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. |
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- References No definition available.
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- Definition Description of placement agent warrants. No definition available.
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- Definition Private offering exercise price description. No definition available.
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- Definition Warrant derivative liability. No definition available.
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- Definition Exercise price per share or per unit of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of increase in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of decrease in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The number of shares issued or sold by the subsidiary or equity method investee per stock transaction. No definition available.
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- Definition Per share amount received by subsidiary or equity investee for each share of common stock issued or sold in the stock transaction. No definition available.
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