Annual report pursuant to Section 13 and 15(d)

Stockholders’ Equity (Tables)

Stockholders’ Equity (Tables)

12 Months Ended

Dec. 31, 2015

Summary of Fair Value Assumptions of Warrants

The following table includes the assumptions used in calculating the fair value of the Warrant as of December 31, 2015:

	2015
Risk-free interest rate		1.76	%
Expected dividend yield		-
Expected term (in years)		5.00
Expected volatility		95.87	%

Summary of Warrants Grants

The following table summarizes all warrant grants for the period from June 5, 2014 (inception) to December 31, 2015, and the related changes during the periods are presented below.

	Number of Warrants		Weighted Average Exercise Price
Warrants
Balance at June 5, 2014		-		-

Granted		-		-
Exercised		-		-
Forfeited		-		-
Balance at December 31, 2014		-		-

Granted		320,000	$	0.50
Exercised		-		-
Forfeited		-		-

Warrants exercisable at December 31, 2015		320,000	$	0.50

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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