Annual report pursuant to Section 13 and 15(d)

Derivatives (Details 1)

v3.8.0.1
Derivatives (Details 1) - Derivative [Member] - $ / shares
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Summary of fair values of derivative warrants on basis of valuation model    
Market value of common stock on measurement date [1] $ 0.66 $ 0.88
Adjusted exercise price $ 1.67 $ 2.34
Risk free interest rate [2] 2.09% 0.85%
Warrant lives in years 4 years 1 month 6 days 2 years
Expected volatility [3] 80.00%  
Expected dividend yield [4] 0.00% 0.00%
Probability of stock offering in any period over 5 years [5] 100.00% 100.00%
Offering price [6] $ 0.50 $ 1.25
Minimum [Member]    
Summary of fair values of derivative warrants on basis of valuation model    
Expected volatility [3]   61.00%
Maximum [Member]    
Summary of fair values of derivative warrants on basis of valuation model    
Expected volatility [3]   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 American
[2] The risk-free interest rate was determined by management using the Treasury Bill rate as of the respective measurement date.
[3] The volatility was estimated using the historical volatilities of the Company's common stock traded in NYSE American.
[4] Management does not expect to pay dividends for the foreseeable future.
[5] Management determines the probability of future stock offering at each evaluation date.
[6] Represents the estimated offering price in future offerings as determined by management.