Annual report pursuant to Section 13 and 15(d)

Derivatives (Details Textual)

v3.3.1.900
Derivatives (Details Textual) - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Derivatives (Textual)    
Fair value of warrants   $ 2,100,000
Expected dividend yield [1]
Warrant [Member]    
Derivatives (Textual)    
Number of warrants exercised 2,013,360 2,501,993
Derivative warrants 21,960 319,294
Fair value of warrants $ 48,691 $ 2,203,443
Expected dividend yield 0.00% 0.00%
Probability of stock offering period 5 years 5 years
[1] Management determined the dividend yield to be 0% based upon its expectation that it will not pay dividends for the foreseeable future.