Registration of securities issued in business combination transactions

Warrants (Tables)

v3.3.0.814
Warrants (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2015
Dec. 31, 2014
Warrants    
Schedule of Stock Warrants Activity

The following is a summary of the Company’s warrant activity:

 

    Warrants     Weighted average exercise price     Weighted average remaining contractual term in years     Aggregate intrinsic value  
Outstanding January 1, 2014     3,395,833     $ 0.45       5.28     $ -  
Exercisable January 1, 2014     3,395,833     $ 0.45       5.28     $ -  
Canceled     (3,395,833 )                        
Granted     28,435,782                          
Exercised     -                          
Forfeited     -                          
Outstanding December 31, 2014     28,435,782     $ 0.64       4.07     $ -  
Exercisable December 31, 2014     28,435,782     $ 0.64       4.07     $ -  
Canceled     -                          
Granted     13,435,342                          
Exercised     -                          
Forfeited     -                          
Outstanding September 30, 2015     41,871,124     $ 0.47       3.70     $ 4,988,991  
Exercisable September 30, 2015     41,871,124     $ 0.47       3.70     $ 4,988,991  

The following is a summary of the Company’s warrant activity:

 

    Warrants     Weighted
average
exercise price 		    Weighted
average
remaining
contractual
term in years 		    Aggregate
intrinsic value 		 
Outstanding January 1, 2013     3,693,971     $ 0.450       4.81     $ -  
Exercisable January 1, 2013     3,693,971     $ 0.450       4.81     $ -  
Granted     -                          
Exercised     -                          
Forfeited     (298,138 )                        
Outstanding December 31, 2013     3,395,833     $ 0.450       5.28     $ -  
Exercisable December 31, 2013     3,395,833     $ 0.450       5.28     $ -  
Canceled     (3,395,833 )                        
Granted     28,435,782                          
Exercised     -                          
Forfeited     -                          
Outstanding December 31, 2014     28,435,782     $ 0.643       4.07     $ -  
Exercisable December 31, 2014     28,435,782     $ 0.643       4.07     $ -  

Schedule of Fair Value Assumptions Related to Warrants Outstanding

The range of fair value assumptions related to warrants outstanding as of September 30, 2015 and December 31, 2014, were as follows:

 

    September 30, 2015     December 31, 2014  
    (Unaudited)        
Dividend yield     0.0%       0.0%  
Risk-free rate     0.12% - 0.86%       0.12% - 0.66%  
Expected volatility     102% - 159%       112% - 159%  
Expected term     1.0 - 2.5 years       1.0 - 2.5 years  

The range of fair value assumptions related to warrants outstanding as of December 31, 2014 and 2013, were as follows:

 

    December 31, 2014     December 31, 2013  
Dividend yield     0.0 %     0.0 %
Risk-free rate     0.12% - 0.66 %     0.62% - 4.59 %
Expected volatility     112% - 159 %     108% - 167 %
Expected term     1.0 - 2.5 years       2.5 - 10.0 years