Quarterly report pursuant to Section 13 or 15(d)

Warrants (Tables)

v2.4.0.8
Warrants (Tables) (Warrant [Member])
3 Months Ended
Mar. 31, 2014
Warrant [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Significant assumptions used to measure the fair value of warrants
 
   
2014
   
2013
 
Stock price
 
$
0.25
   
$
0.21
 
Term
 
1.58 - 4.25 Years
   
1.83 – 4.79 Years
 
Volatility
   
  50
%
   
50
%
Risk-free interest rate
   
 0.44 - 1.73
%
   
0.38 – 1.75
%
Exercise prices
 
$
0.25-0.4488
   
$
0.25-0.4488
 
Dividend yield
   
  0.00
%
   
0.00
%
Delta
   
0.03 - 0.08
     
0.03 – 0.08
 
Up ratio
   
1.081 - 1.138
     
1.087 – 1.137
 
Down ratio
   
  0.864 – 0.919
     
0.861 – 0.913
 
Up transition probability
   
  0.500
     
0.500