XML 46 R27.htm IDEA: XBRL DOCUMENT v3.2.0.727
WARRANTS (Details)
1 Months Ended 3 Months Ended
Mar. 31, 2015
USD ($)
$ / shares
shares
Jan. 29, 2015
USD ($)
$ / shares
shares
Jan. 15, 2015
USD ($)
item
$ / shares
shares
Jan. 15, 2015
USD ($)
item
$ / shares
shares
Dec. 31, 2014
USD ($)
$ / shares
shares
Sep. 30, 2014
shares
Mar. 31, 2015
USD ($)
$ / shares
shares
Mar. 31, 2015
USD ($)
$ / shares
shares
Mar. 31, 2014
USD ($)
Warrants rights                  
Expenses for grant of warrants             $ 0 $ 3,393  
Units sold to accredited investors (in shares) | shares     812,500 812,500          
Number of accredited investors | item     1 1          
Proceeds from sale of units to accredited investors     $ 325,000 $ 325,000          
Commissions payable from sale to institutional investors     $ 0            
Units sold to accredited investors, number of common shares | shares     1     1      
Number of common shares that can be purchased against each warrant issued to institutional investor | shares     0.25 0.25          
Term of warrant   3 years              
Warrants to purchase shares | shares   150,000 203,125 203,125          
Term of warrants issued to accredited investor     5 years 5 years          
Exercise price of units (in dollars per share) | $ / shares     $ 0.60 $ 0.60          
Strike price (in dollars per share) | $ / shares   $ 0.40              
Grant date fair value of warrants   $ 61,066 $ 76,629 $ 76,629          
Share based compensation expense               559,793 $ 807,356
Unamortized Share based compensation expense $ 2,110,036           $ 2,110,036 $ 2,110,036  
Warrants                  
Number of warrants                  
Number of shares, beginning | shares               16,527,989  
Number of shares, exercised | shares               109,855  
Number of shares, granted | shares               353,125  
Number of shares, ending | shares 16,771,259       16,527,989   16,771,259 16,771,259  
Exercisable | shares 14,071,488       12,604,407   14,071,488 14,071,488  
Weighted average exercise price                  
Weighted average exercise price, beginning (in dollars per share) | $ / shares               $ 0.46  
Weighted average exercise price, exercised (in dollars per share) | $ / shares               0.40  
Weighted average exercise price, granted (in dollars per share) | $ / shares               0.52  
Weighted average exercise price, ending (in dollars per share) | $ / shares $ 0.44       $ 0.46   $ 0.44 $ 0.44  
"Wtd Avg. Remaining Term "                  
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms 3 years 5 months 12 days       3 years 8 months 9 days        
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms 3 years 5 months 12 days       3 years 8 months 9 days        
Intrinsic Value                  
Outstanding at beginning of the period               $ 309,821  
Outstanding at end of the period $ 467,316       $ 309,821   $ 467,316 $ 467,316  
Warrants rights                  
Expected volatility (as a percent)               100.00%  
Expected dividend yield (as a percent)               0.00%  
Share based compensation expense               $ 54,741 $ 405,569
Unamortized Share based compensation expense $ 2,110,036           $ 2,110,036 $ 2,110,036  
Minimum | Warrants                  
Warrants rights                  
Expected term               1 year 6 months  
Risk-free interest rate (as a percent)               0.29%  
Maximum | Warrants                  
Warrants rights                  
Expected term               3 years 3 months 4 days  
Risk-free interest rate (as a percent)               1.63%