Warrant Liabilities (Tables)

3 Months Ended

Mar. 31, 2016

Warrant Liabilities [Abstract]

Schedule of weighted-average assumptions

The following reflects the weighted-average assumptions for each of the three-month periods indicated:

	Three Months Ended March 31,
	2016			2015
Risk-free interest rate		0.21	%		0.41	%
Expected dividend yield		0	%		0	%
Expected lives		0.34			1.34
Expected volatility		86.8	%		92.4	%
Warrants classified as liabilities (in shares)		6,371,854			6,371,854
Loss on warrant liability	$	(184,273	)	$	(1,871,294	)