Quarterly report pursuant to Section 13 or 15(d)

Fair Value Of Warrants Estimated (Tables)

v2.4.0.8
Fair Value Of Warrants Estimated (Tables)
3 Months Ended
Mar. 31, 2014
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:

 

 

Three Months Ended March 31,

 

2014

 

2013

Expected volatility

121.33% to 128.35%

 

114.66% to 131.97%

Expected dividends

0%

 

0%

Expected term

3 – 5 years

 

3 years

Risk free rate

.41% to .44%

 

.25% to .27%