Warrant Liability (Tables)

3 Months Ended

Mar. 31, 2016

Warrant Liability [Abstract]

Summary of assumptions used in connection with the valuation of warrants issued

	December 31, 2015			March 31, 2016
Number of shares underlying the warrants		3,036,928			3,036,928
Exercise price	$	0.51		$	0.51
Volatility		98	%		98	%
Risk-free interest rate		1.19	%		0.80	%
Expected dividend yield		0			0
Expected warrant life (years)		2.48			2.24
Stock Price	$	1.13		$	0.84

Summary of fair value measurements using significant unobservable inputs (Level 3)

	December 31, 2015		Decrease from Warrants Exercised in 2016		Decrease in Fair Value		March 31, 2016
Warrant liability	$	2,434,101		-	$	760,157	$	1,673,944