Annual report pursuant to Section 13 and 15(d)

Fair Value of Warrants Estimated (Tables)

v2.4.1.9
Fair Value of Warrants Estimated (Tables)
12 Months Ended
Dec. 31, 2014
Fair Value of Warrants Estimated (Tables):  
Fair Value of Warrants Estimated (Tables)

The fair value of warrants was estimated on the date of grant using the Black-Scholes option-pricing model based on the following weighted average assumptions:

 

 

Year Ended December 31,

 

2014

 

2013

Expected volatility

113.93% to 138.05%

 

131.97% to 194.14%

Expected dividends

0%

 

0%

Expected term

3 to 5 years

 

3 to 5 years

Risk free rate

.41% to .59%

 

.25% to .34%