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Warrants (Tables)
6 Months Ended
Jun. 30, 2019
Class Of Warrant Or Right [Line Items]  
Schedule of Fair Value Reconciliation of Level 3 Liabilities Measured

The following table presents the fair value reconciliation of Level 3 liabilities measured at fair value during the six months ended June 30, 2019:

 

 

 

Common stock

warrant liability

 

Balance – January 1, 2019

 

$

3,661

 

Issuance of warrants

 

 

196,236

 

Change in fair value of derivative liabilities

 

 

(141,420

)

Balance –June 30, 2019

 

$

58,477

 

 

Warrant  
Class Of Warrant Or Right [Line Items]  
Schedule of Fair Value Reconciliation of Level 3 Liabilities Measured

Assumptions utilized in the valuation of the June 2017 Warrant, for the six months ended June 30, 2019, were as follows:

 

Risk-free interest rate

 

1.76%

 

Expected life

 

2.94 years

 

Expected volatility of underlying stock

 

61.73%

 

Expected dividend yield

 

 

 

 

Assumptions utilized in the valuation of the February 2019 Warrant for the six months ended June 30, 2019, were as follows:

 

Risk-free interest rate

 

1.74%

 

Expected life

 

3.61 years

 

Expected volatility of underlying stock

 

62.13%

 

Expected dividend yield