Annual report pursuant to Section 13 and 15(d)

Stockholders’ Equity (Tables)

v3.3.1.900
Stockholders’ Equity (Tables)
12 Months Ended
Dec. 31, 2015
Stockholders Equity Tables  
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