Annual report pursuant to Section 13 and 15(d)

Fair Value Of Warrants Estimated (Tables)

v2.4.0.8
Fair Value Of Warrants Estimated (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Of Warrants Estimated  
Fair Value Of Warrants Estimated

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,

 

2013

 

2012

Expected volatility

131.97% to 194.14%

 

114.66% to 125.11%

Expected dividends

0%

 

0%

Expected term

3 to 5 years

 

3 years

Risk free rate

.25% to .34%

 

.25% to .33%