Redeemable Convertible Preferred Stock (Tables)

3 Months Ended

Mar. 31, 2016

Temporary Equity Disclosure [Abstract]

Fair Value Inputs, Liabilities, Quantitative Information [Table Text Block]

The table below shows the quantitative information about the significant unobservable inputs used in the fair value measurement of level 3 conversion feature liability:

	March 31, 2016
	(unaudited)
Expected remaining life of the redemption in years		1.0
Risk free interest rate		0.59	%
Expected annual volatility		99.01	%
Annual rate of dividends		0	%

Schedule of Derivative Liabilities at Fair Value [Table Text Block]

The changes in the fair value of the derivative are as follows:

Balance as of January 1, 2016	$	76,343
Increase of fair value		9,328
Ending balance as of March 31, 2016 (unaudited)	$	85,671