Warrants (Tables)

9 Months Ended

Sep. 30, 2015

Warrants [Abstract]

Schedule of Fair Value Hierarchy

The following is a listing of the warrants modified:

Issue date	# of warrants		Original Exercise Price		New Exercise Price
7/24/14 Series A		4,288,500	$	2.45	$	0.75
7/24/14 Series B		4,795,321	$	2.45	$	0.75

Warrants Fair Value Assumptions

A summary of quantitative information with respect to the valuation methodology and significant unobservable inputs used for the Company's warrant liabilities that are categorized within Level 3 of the fair value hierarchy as of September 30, 2015 and December 31, 2014 is as follows:

	September 30, 2015	June 22, 2015	December 31, 2014
	(unaudited)	(unaudited)
Stock price	$ 1.14	$ 1.38	$ 1.20
Volatility	90.00%	90.00%	72.90 – 88.10%
Risk-free interest rate	0.02% - 1.30%	1.62%	1.65%
Expected dividend yield	0%	0%	0%
Expected warrant life	0.32 – 4.73 years	5 years	4.10 – 4.33 years

Schedule of Derivative Warrant Liabilities

Fair Value Measurements Using Significant Unobservable Inputs (Level 3):

Issuance Date	January 1, 2015		Initial Measurements		Increase (Decrease) in Fair Value			Reclassed from Equity		September 30, 2015
10/31/2013	$	233	$	-	$	309		$	-	$	542
2/5/2014		266		-		767			-		1,033
7/24/2014 Series A		-		-		-			3,452		3,452
7/24/2014 Series B		-		-		-			1,947		1,947
6/22/2015		-		2,958		(397	)		-		2,561
Total	$	499	$	2,958	$	679		$	5,399	$	9,535