Series B Warrants (Detail Textuals) - USD ($) |
1 Months Ended | 3 Months Ended | 6 Months Ended | ||
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Mar. 31, 2016 |
Apr. 30, 2015 |
Jun. 30, 2016 |
Jun. 30, 2016 |
Dec. 31, 2015 |
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Class of Warrant or Right [Line Items] | |||||
Warrant exercise price (in dollars per share) | $ 5.00 | ||||
Warrants | $ 781,811 | $ 781,811 | $ 759,386 | ||
Series B warrants | 842,325 | 842,325 | $ 2,454,959 | ||
Term of warrant | 10 years | ||||
Change in fair market value at the re-measurement date recorded as non-operating expense | $ (2,024,114) | $ (1,612,634) | |||
Series B Warrants | |||||
Class of Warrant or Right [Line Items] | |||||
Number of warrants issued | 6,437,500 | 6,437,500 | |||
Warrant exercise price (in dollars per share) | $ 1.15 | $ 1.15 | |||
Warrants | $ 2,935,800 | $ 2,935,800 | |||
Proceeds received from the Series B financing | $ 5,000,000 | ||||
Series B warrants | $ 2,866,439 | ||||
Term of warrant | 4 years 4 months 21 days | ||||
Change in fair market value at the re-measurement date recorded as non-operating expense | $ 411,480 | ||||
Warrants, expiration period | 5 years |
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- Definition Represents the amount related to change in fair value of warrant liability. No definition available.
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- Definition Represents expiration period of warrants. No definition available.
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- Definition Represents number of warrants issued during period. No definition available.
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- Definition Represents term of warrant. No definition available.
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- Definition Exercise price per share or per unit of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled after one year or the normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Proceeds from issuance of capital stock which provides for a specific dividend that is paid to the shareholders before any dividends to common stockholder, which takes precedence over common stockholders in the event of liquidation and from issuance of rights to purchase common shares at a predetermined price. No definition available.
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- Definition Value of outstanding derivative securities that permit the holder the right to purchase securities (usually equity) from the issuer at a specified price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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