Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.7.0.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Summary of Fair Value Assumptions of Warrants

    2017     2016  
Risk-free interest rate     -       1.14 %
Expected dividend yield     -       -  
Expected term (in years)     -       2 - 5  
Expected volatility     -       514 %

Summary of Warrants Outstanding

The following table summarizes warrants outstanding as of March 31, 2017 and 2016, and the related changes during the periods are presented below.

 

          Weighted  
    Number of     Average  
    Warrants     Exercise Price  
             
Balance at December 31, 2016     2,920,000       2.62  
Granted     -       -  
Exercised     -       -  
Forfeited     -       -  
                 
Balance at March 31, 2017     2,920,000     $ 2.62