Derivative Warrants Liability (Details Textual) - USD ($) |
1 Months Ended | 12 Months Ended | |||
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May 31, 2017 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Apr. 30, 2017 |
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Derivative Warrants Liability (Textual) | |||||
Proceeds from warrants | $ 244,446 | $ 168,035 | |||
Estimated fair value of warrant liability | 1,063,745 | 259,716 | |||
Exercised warrants into shares of common stock | 1,063,100 | ||||
Inducement related to warrants exercised | 166,500 | ||||
Fair value of warrants exercised | $ 297,200 | ||||
Derivative warrant liabilities, description | The Company recalculated the value of warrants by applying a +/- 5% changes to the input variables in the Black-Scholes model that vary overtime, namely, the volatility and the risk-free rate. A 5.0% decrease in volatility would decrease the value of the warrants by $52,072; a 5.0% increase in volatility would increase the value of the warrants to $52,066. A 5.0% decrease or increase in the risk-free rate would not have materially changed the value of the warrants; the value of the warrants is not strongly correlated with small changes in interest rates. | ||||
Warrant [Member] | |||||
Derivative Warrants Liability (Textual) | |||||
Fair value warrants issued | 4,518,406 | 3,106,000 | |||
Exercise price of warrants | $ 0.59 | ||||
Exercised warrants into shares of common stock | $ 666,000 | ||||
Exercised warrants into shares of common stock, share | 1,665,000 | ||||
Minimum [Member] | |||||
Derivative Warrants Liability (Textual) | |||||
Exercise price of warrants | $ 0.4 | ||||
Maximum [Member] | |||||
Derivative Warrants Liability (Textual) | |||||
Exercise price of warrants | $ 0.5 |
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- References No definition available.
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- Definition Fair value of warrants liability classified to equity in connection with warrants exercised during the period. No definition available.
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- Definition Exercise of warrants, net of issuance expenses shares. No definition available.
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- Definition Exercise of warrants, net of issuance expenses. No definition available.
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- Definition Exercise price per share or per unit of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled after one year or the normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value of share-based compensation granted to nonemployees as payment for services rendered or acknowledged claims. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow from issuance of rights to purchase common shares at predetermined price (usually issued together with corporate debt). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition For each plan, identification of the award pricing model or other valuation method used in calculating the weighted average fair values disclosed. The model is also used to calculate the compensation expense that is shown within the balance sheet, income statement, and cash flow. Examples of valuation techniques are lattice models (binomial model), closed-form models (Black-Scholes-Merton formula), and a Monte Carlo simulation technique. Fair value is the amount at which an asset or liability could be bought or incurred or sold or settled in a current transaction between willing parties, that is, other than in a forced or liquidation sale. May include disclosures about the assumptions underlying application of the method selected. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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