CONVERTIBLE NOTES DERIVATIVE LIABILITY (Tables)

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Inputs into Valuation Model

The inputs into the valuation model are as follows:

	March 31, 2016
Closing share price	$11.63
Conversion price	$7.10
Risk-free rate	1.13%
Expected volatility	40%
Dividend yield	—%
Expected life	4.25