9. Warrant Liability (Detail Narrative) - USD ($) |
3 Months Ended | 12 Months Ended | |
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Mar. 31, 2016 |
Mar. 31, 2015 |
Dec. 31, 2015 |
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Gain (loss) on the change in value of warrant liability | $ (3,309,400) | $ 1,878,550 | |
Fair value per share stock price | $ 0.47 | $ 0.33 | |
Risk free treasury rate | 1.21% | 0.92% | |
Expected volatility rate | 74.90% | 85.80% | |
Warrant Liability [Member] | |||
Value of Warrrant adjusted | $ 5,199,000 | $ 7,872,000 | |
Gain (loss) on the change in value of warrant liability | 2,673,000 | ||
Warrant Liability One [Member] | |||
Value of Warrrant adjusted | 1,476,000 | 1,872,000 | |
Gain (loss) on the change in value of warrant liability | 396,000 | 864,000 | |
Warrant Liability Two [Member] | |||
Value of Warrrant adjusted | 840,000 | ||
Gain (loss) on the change in value of warrant liability | 200,000 | ||
Warrant Liability Three [Member] | |||
Value of Warrrant adjusted | 126,000 | 110,400 | |
Gain (loss) on the change in value of warrant liability | $ 40,400 | $ 55,200 |
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- References No definition available.
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- References No definition available.
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- Definition Amount of gain (loss) from the increase (decrease) in fair value of foreign currency derivatives and nonderivative instruments designated as fair value hedging instruments which were recognized in earnings, net of offsets by the gain (loss) on the hedged item to the extent that the fair value hedge was determined to be effective. No definition available.
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- Definition The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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