Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Warrants Estimated (Tables)

v3.5.0.2
Fair Value of Warrants Estimated (Tables)
6 Months Ended
Jun. 30, 2016
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:

 

 

Six Months Ended June 30,

 

2016

 

2015

Expected volatility

168.01% to 170.23%

 

128.36% to 155.43%

Expected dividends

0%

 

0%

Expected term

5 years

 

3 – 5 years

Risk free rate

.76% to.97%

 

.51% to 1.75%