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Intangible Assets - Intellectual Propert (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2014
Dec. 31, 2013
Intangible Assets - Intellectual Propert Tables    
Assumptions required for the Black-Scholes model

The fair value of each Warrant Share as of September 9, 2014, using the Black-Scholes option pricing model, was $0.91.

 

Assumptions required for the Black-Scholes model are as follows:

 

Weighted average risk-free interest rate   1.72 %
Expected life in years   4.75 Years  
Weighted Avg Expected Volatility     93.8 %
Expected dividend yield   0 %

Assumptions required for the Black-Scholes model are as follows:

 

  2013
Weighted average risk-free interest rate 1.75%
Expected life in years 5.5 Years
Weighted Avg Expected Volatility 102.0%
Expected dividend yield $0