Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.7.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Schedule of Assumptions Used in Black-scholes Model to Options Issued

Assumptions used in the Black-Scholes model to value options issued during the years ended December 31, 2016 and 2015 are as follows:

 

    Year Ended     Year Ended  
    December 31,
2016
    December 31,
2015
 
             
Expected life in years     2.5 to 5.0       2.5 to 5.0  
Stock price volatility     84.36% - 153. 07 %     84.36% - 98.54 %
Risk free interest rate     1.22% - 1.24 %     1.07% - 1.72 %
Expected dividends     NA       NA  
Forfeiture rate     20 %     21 %