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)
9 Months Ended
Sep. 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:

 

 

Nine Months Ended September 30,

 

2016

 

2015

Expected volatility

158.53% to 172.80%

 

128.36% to 155.43%

Expected dividends

0%

 

0%

Expected term

5 years

 

3 - 5 years

Risk free rate

.71% to.97%

 

.51% to 1.75%