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)
9 Months Ended
Sep. 30, 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:

 

 

Nine Months Ended September 30,

 

2014

2013

Expected volatility

113.93% to 138.05%

114.68% to 194.14%

Expected dividends

0%

0%

Expected term

3 – 5 years

3 - 5 years

Risk free rate

.41% to .59%

.25% to .27%