COMMON STOCK WARRANT (Details Narrative) - Warrant |
12 Months Ended |
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Dec. 31, 2015
$ / shares
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| The market price of the Company's stock on November 9, 2015 | $ 1.7075 |
| Exercise price of the warrant | $ 2.20 |
| Life of Warrant | 3 years |
| Risk free return rate | 1.27% |
| Annualized volatility rate of three comparative companies | 81.00% |
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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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- Details
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