Annual report pursuant to Section 13 and 15(d)

CONVERTIBLE NOTE PAYABLE (Tables)

v3.3.1.900
CONVERTIBLE NOTE PAYABLE (Tables)
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Schedule of fair value assumptions using monte carlo simulation

The fair value of the embedded derivative liability is measured in accordance with ASC 820 “Fair Value Measurement”, using “monte carlo simulation” modeling incorporating the following inputs:

 

    Year Ended  
    December 31, 2015  
       
Expected dividend yield     0.00%  
Expected stock-price volatility     50.0%  
Risk-free interest rate     0.47% - 0.86%  
Expected term of options (years)     .5 - 1.5  
Stock price     $0.25  
Conversion price     $0.12  
Schedule of purchaser warrants fair value assumptions using monte carlo simulation

The fair value of the Purchaser Warrants is measured in accordance with ASC 820 “Fair Value Measurement”, using “monte carlo simulation” modeling, incorporating the following inputs:

 

    Year Ended  
    December 31, 2015  
       
Expected dividend yield     0.00%  
Expected stock-price volatility     50.0%  
Risk-free interest rate     1.74%  
Expected term of options (years)     .5 - 1.5  
Stock price     $0.25  
Exercise price     $0.30