Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.4.0.3
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2016
Accounting Policies [Abstract]  
Schedule of Assumptions Used in Black-scholes Model to Warrants Issued

The Company values stock options and warrants using the Black-Scholes option pricing model. There were no options or warrants issued during the three months ended March 31, 2016. Assumptions used in the Black-Scholes model to value options and warrants issued during the three months ended March 31, 2015 are as follows.

 

    Three Months  
    Ended  
    March 31, 2015  
       
Expected life in years     3  
Stock price volatility     81.80 %
Risk free interest rate     0.95 %
Expected dividends     NA