Quarterly report pursuant to Section 13 or 15(d)

Derivatives (Details 1)

v3.7.0.1
Derivatives (Details 1) - $ / shares
 6 Months Ended 12 Months Ended
Jun. 30, 2017
Dec. 31, 2016
Summary of fair values of derivative warrants on basis of valuation model    
Expected dividend yield 0.00%  
Minimum [Member]    
Summary of fair values of derivative warrants on basis of valuation model    
Warrant lives in years 3 months  
Expected volatility 45.72%  
Maximum [Member]    
Summary of fair values of derivative warrants on basis of valuation model    
Warrant lives in years 8 years 10 months 25 days  
Expected volatility 79.81%  
Derivative warrants [Member]    
Summary of fair values of derivative warrants on basis of valuation model    
Market value of common stock on measurement date [1] $ 1.22 $ 0.88
Adjusted exercise price $ 2.34 $ 2.34
Risk free interest rate [2]   0.85%
Warrant lives in years   2 years
Expected dividend yield [3]
Probability of stock offering in any period over 5 years [4] 100.00% 100.00%
Offering price [5] $ 0.75 $ 1.25
Derivative warrants [Member] | Minimum [Member]    
Summary of fair values of derivative warrants on basis of valuation model    
Risk free interest rate [2] 1.14%  
Warrant lives in years 2 years  
Expected volatility [6] 73.00% 61.00%
Derivative warrants [Member] | Maximum [Member]    
Summary of fair values of derivative warrants on basis of valuation model    
Risk free interest rate [2] 1.81%  
Warrant lives in years 4 years 7 months 6 days  
Expected volatility [6] 82.00% 69.00%
[1] The market value of common stock at the above measurement dates is based on the Company's closing price quoted on the NYSE MKT.
[2] The risk-free interest rate was determined by management using the Treasury Bill rate as of the respective measurement date.
[3] Management determined the dividend yield to be 0% based upon its expectation that it will not pay dividends for the foreseeable future.
[4] Management determines the probability of future stock offering at each evaluation date.
[5] Represents the estimated offering price in future offerings as determined by management.
[6] The volatility was estimated using the historical volatilities of the Company's common stock traded in NYSE MKT market.