Annual report pursuant to Section 13 and 15(d)

Preferred Stock and Equity Offerings (Tables)

v3.8.0.1
Preferred Stock and Equity Offerings (Tables)
12 Months Ended
Dec. 31, 2017
Schedule of Fair Value of Assumptions Used in Black-Schloes Option Pricing Model

The following table sets forth the assumptions used in the Black-Scholes Option Pricing Model to estimate the fair value of the share- based warrant upon issuance:

 

Market Price   $ 1.62  
Exercise Price   $ 1.25  
Risk-free interest rate     1.66 %
Expected volatility     172.29 %
Expected life in years     3.1  
Expected dividend yield        

Second Registered Direct Offering [Member]  
Schedule of Fair Value of Assumptions Used in Black-Schloes Option Pricing Model

The following table sets forth the assumptions used in the Black-Scholes Option Pricing Model to estimate the fair value of the warrants upon issuance:

Market Price   $ 4.33  
Exercise Price   $ 4.69  
Risk-free interest rate     1.95 %
Expected volatility     124.02 %
Expected life in years     5.0  
Expected dividend yield     0.00 %

RedPath Equityholder Representative [Member]  
Schedule of Fair Value of Assumptions Used in Black-Schloes Option Pricing Model

The following table sets forth the assumptions used in the Black-Scholes Option Pricing Model to estimate the fair value of the warrants upon issuance:

 

Market Price   $ 2.37  
Exercise Price   $ 4.69  
Risk-free interest rate     1.95 %
Expected volatility     125.58 %
Expected life in years     5.5  
Expected dividend yield     0.00 %

Base Warrants and Overallotment Warrants [Member]  
Schedule of Fair Value of Assumptions Used in Black-Schloes Option Pricing Model

The following table sets forth the assumptions used in the Black-Scholes Option Pricing Model to estimate the fair value of the Base Warrants and Overallotment Warrants upon issuance:

 

Market Price   $ 0.87  
Exercise Price   $ 1.25  
Risk-free interest rate     1.75 %
Expected volatility     134.21 %
Expected life in years     5.0  
Expected dividend yield     0.00 %

Base Warrants [Member]  
Schedule of Fair Value of Assumptions Used in Black-Schloes Option Pricing Model

The following table sets forth the assumptions used in the Black-Scholes Option Pricing Model to estimate the fair value of the share- based warrant upon issuance:

 

Market Price   $ 1.57  
Exercise Price   $ 1.80  
Risk-free interest rate     1.88 %
Expected volatility     55.50 %
Expected life in years     4.5  
Expected dividend yield