Annual report pursuant to Section 13 and 15(d)

Derivative Liabilities (Tables)

v3.7.0.1
Derivative Liabilities (Tables)
12 Months Ended
Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Liabilities at Fair Value

At December 31, 2016 and 2015, the fair value of the derivative liabilities were determined through use of a probability-weighted Black-Scholes-Merton valuation model based on the following assumptions:

 

    December 31, 2016     December 31, 2015  
Expected volatility     172 %     274 %
Risk-free interest rate     1.47 %     1.0 %
Expected dividend yield     0 %     0 %
Expected life     2.7 years       4.5 years