CONVERTIBLE NOTE PAYABLE (Details 2) - $ / shares |
9 Months Ended | 12 Months Ended | |
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Sep. 30, 2016 |
Dec. 31, 2015 |
May 01, 2015 |
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Stock price (in dollars per share) | $ 0.25 | ||
Warrant [Member] | |||
Expected dividend yield | 0.00% | 0.00% | |
Expected stock-price volatility | 50.00% | ||
Risk-free interest rate | 1.21% | 1.74% | |
Stock price (in dollars per share) | $ 0.25 | $ 0.25 | |
Exercise price (in dollars per share) | $ 0.30 | $ 0.30 | |
Warrant [Member] | Minimum [Member] | |||
Expected stock-price volatility | 45.00% | ||
Expected term of options (years) | 3 months | 6 months | |
Warrant [Member] | Maximum [Member] | |||
Expected stock-price volatility | 50.00% | ||
Expected term of options (years) | 8 months 23 days | 1 year 6 months |
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- Definition Agreed upon price for the exchange of the underlying asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Expected dividends to be paid to holders of the underlying shares or financial instruments (expressed as a percentage of the share or instrument's price). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Period the instrument, asset or liability is expected to be outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Risk-free interest rate assumption used in valuing an instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Price of a single share of a number of saleable stocks of a company. No definition available.
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