Quarterly report pursuant to Section 13 or 15(d)

Warrant Liability (Tables)

v3.3.0.814
Warrant Liability (Tables)
 9 Months Ended
Sep. 30, 2015
Series A Warrants [Member]  
Class of Warrant or Right [Line Items]  
Assumptions used to value the warrants [Table Text Block]
The key assumptions used to value the Series A Warrants were as follows:
 
Assumption
 
September 30,
2015
 
Expected price volatility
 
 
90
%
Expected term (in years)
 
 
2.5
 
Risk-free interest rate
 
 
0.78
%
Dividend yield
 
 
0.00
%
Weighted-average fair value of warrants
 
$
1.42
 
Class A Warrants [Member]  
Class of Warrant or Right [Line Items]  
Assumptions used to value the warrants [Table Text Block]
The key assumptions used to value the Class A Warrants were as follows:
 
Assumption
 
September 29,
2015
 
Expected price volatility
 
 
90
%
Expected term (in years)
 
 
5.0
 
Risk-free interest rate
 
 
1.37
%
Dividend yield
 
 
0.00
%
Weighted-average fair value of warrants
 
$
2.91
 
Underwriter Warrants [Member]  
Class of Warrant or Right [Line Items]  
Assumptions used to value the warrants [Table Text Block]
The key assumptions used to value the Underwriter Warrants were as follows:
 
Assumption
 
September 29,
2015
 
Expected price volatility
 
 
90
%
Expected term (in years)
 
 
4.0
 
Risk-free interest rate
 
 
1.15
%
Dividend yield
 
 
0.00
%
Weighted-average fair value of warrants
 
$
2.71