XML 73 R34.htm IDEA: XBRL DOCUMENT v2.4.1.9
Stockholders' Equity (Tables) (Warrant [Member])
12 Months Ended
Dec. 31, 2014
Warrant [Member]
 
Class of Stock [Line Items]  
Schedule of warrants outstanding
    Exercise 
Price
    Warrants 
Outstanding
    Weighted 
Average 
Life of 
Outstanding Warrants in Months
    Date of 
Expiration
Series A Warrants   $ 10.00       973,000       19     7/31/2016
Series B Warrants     5.00       42,700       46     10/31/2018
Series C Warrants     4.00       1,400,000       25     1/21/2017
Evans Warrants     4.40       600,000       22     10/21/2016
Spector Warrants     4.40       150,000       23     12/12/2016
    $ 5.95       3,165,700       23      
Schedule of changes warrants issued and outstanding

 

    2014     2013  
Beginning balance     983,600       973,000  
Warrants issued to placement agent – Series B Warrants     32,100       10,600  
Warrants issued to Full Circle for $500,000 consideration – Series C Warrants     1,000,000       -  
Additional warrants issued to Full Circle     400,000       -  
Warrants issued to Evans Lendco related to Greenhouse Mortgage     600,000       -  
Warrants issued to Spector Group for services     150,000       -  
Ending balance, December 31     3,165,700       983,600  
 
Schedule of derivation of warrants granted value based on Black-Scholes pricing model
  Series B  Evans  Spector 
Grant date  1/29/2014  10/21/2014  12/12/2014
Stock price on Grant date $13.75  $3.75  $1.11 
Risk-free interest rate  1.81%  0.56%  0.56%
Expected dividend yield  0.00%  0.00%  0.00%
Expected term (in years)  4.8   2.0   2.0 
Expected volatility  171%  129%  129%