WARRANT LIABILITY (Details Narrative) - USD ($) |
3 Months Ended | 9 Months Ended | |
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Sep. 30, 2016 |
Sep. 30, 2016 |
Dec. 31, 2015 |
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Gain/Loss on change in fair value of Derivative liability | $ (1,861,840) | $ (3,330,920) | |
Warrant liability | 36,097 | 36,097 | $ 22,746 |
Warrant [Member] | |||
Gain/Loss on change in fair value of Derivative liability | $ (15,391) | $ (13,352) | |
Remaining warrants | 1,155,000 | 1,155,000 | |
Dividend yield | 0.00% | ||
Expected volatility | 171.16% | ||
Weighted average risk-free interest rate | 0.77% | ||
Expected life | 1 year 6 months 4 days | ||
Estimated fair value of the Company's common stock | $ 0.039 | $ 0.039 |
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- References No definition available.
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- Definition Amount of gain (loss) from the increase (decrease) in fair value of derivative and nonderivative instruments designated as fair value hedging instruments recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Agreed upon price for the exchange of the underlying asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Expected dividends to be paid to holders of the underlying shares or financial instruments (expressed as a percentage of the share or instrument's price). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Period the instrument, asset or liability is expected to be outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Weighted average expected volatility of stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying value as of the balance sheet date of obligations incurred through that date and payable for estimated claims under standard and extended warranty protection rights granted to customers. For classified balance sheets, represents the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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