Warrants (Tables)
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12 Months Ended |
Dec. 31, 2016 |
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| Warrants [Abstract] |
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| Summary Of Changes In Warrants Outstanding During The Period |
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2016
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2015
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Number of warrants
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Weighted average exercise price
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Number of warrants
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Weighted average exercise price
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Balance, January 1
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26,491,904
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$
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0.80
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13,205,871
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$
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1.07
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Issued during the period
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31,940,000
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$
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0.35
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13,333,333
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$
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0.53
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Exercised during the period
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-
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$
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-
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(47,300)
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$
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0.47
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Expired during the period
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(3,905,057)
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$
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1.37
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-
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$
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-
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Balance, December 31
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54,526,847
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$
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0.49
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26,491,904
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$
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0.80
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| Schedule Of Fair Value Of Warrants Issued |
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Fair Value as of:
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Warrant Issuance:
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December 31, 2016
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December 31, 2015
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Expired Warrants
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$
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-
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$
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2,590
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December 2012 Investor Warrants
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49
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9,818
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July 2013 Investor Warrants
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2,060
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121,420
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October 2013 Investor Warrants
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3,708
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169,349
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January 2014 Investor Warrants
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714
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131,476
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November 2015 Investor Warrants
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260,500
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2,169,375
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November 2015 Placement Agent Warrants
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13,542
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135,135
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March 2016 Investor Warrants
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358,945
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-
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March 2016 Placement Agent Warrants
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21,320
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-
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September 2016 Investor Warrants
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854,640
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-
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September 2016 Placement Agent Warrants
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57,888
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-
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Total:
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$
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1,573,366
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$
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2,739,163
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| Summary Of Shares Indexed To The Warrants |
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Number of Shares indexed as of:
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Warrant Issuance
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December 31, 2016
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December 31, 2015
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Expired Warrants
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|
-
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3,905,057
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December 2012 Investor Warrants
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174,300
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174,300
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July 2013 Investor Warrants
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2,000,000
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2,000,000
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October 2013 Investor Warrants
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2,317,309
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2,317,309
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January 2014 Investor Warrants
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4,761,905
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4,761,905
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November 2015 Investor Warrants
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12,500,000
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12,500,000
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November 2015 Placement Agent Warrants
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833,333
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833,333
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March 2016 Investor Warrants
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11,718,750
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-
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March 2016 Placement Agent Warrants
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781,250
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-
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September 2016 Investor Warrants
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18,000,000
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-
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September 2016 Placement Agent Warrants
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1,440,000
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-
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Total:
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54,526,847
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26,491,904
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| Schedule Of Assumptions Used In Calculating Fair Value Of Warrants |
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December 31, 2016
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December 31, 2015
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Trading market prices
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$
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0.14
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$
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0.36
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Estimated future volatility
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104
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%
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105
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%
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Dividend
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-
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-
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Estimated future risk-free rate
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1.06-2.44
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%
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0.82-2.38
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%
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Equivalent volatility
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51-60
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%
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44-65
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%
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Equivalent risk-free rate
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0.59-1.25
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%
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0.22-1.11
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%
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| Schedule Of Unrealized Gain/(Loss) On Fair Value Of Warrants |
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For the Year Ended December 31,
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2016
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2015
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2014
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Expired Warrants
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$
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2,590
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$
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458,439
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$
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(1,059,400)
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December 2012 Investor Warrants
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9,769
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70,856
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(4,120,103)
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July 2013 Investor Warrants
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119,360
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666,894
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(1,272,731)
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October 2013 Investor Warrants
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165,641
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780,407
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(940,100)
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January 2014 Investor Warrants
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130,762
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1,347,724
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2,212,227
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November 2015 Investor Warrants
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1,908,875
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623,125
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-
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November 2015 Placement Agent Warrants
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121,593
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39,282
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|
-
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March 2016 Investor Warrants
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2,060,977
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|
-
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-
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March 2016 Placement Agent Warrants
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134,617
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-
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-
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September 2016 Investor Warrants
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816,480
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-
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-
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September 2016 Placement Agent Warrants
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59,243
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-
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-
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Total:
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$
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5,529,907
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$
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3,986,727
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$
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(5,180,107)
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