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Warrants (Tables)
3 Months Ended
Mar. 31, 2019
Class Of Warrant Or Right [Line Items]  
Schedule of Fair Value Reconciliation of Level 3 Liabilities Measured

The following table presents the fair value reconciliation of Level 3 liabilities measured at fair value during the three months ended March 31, 2019:

 

 

 

Common stock

warrant liability

 

Balance – January 1, 2019

 

$

3,661

 

Issuance of warrants

 

$

196,236

 

Change in fair value of derivative liabilities

 

 

(41,970

)

Balance – March 31, 2019

 

$

157,927

 

 

Warrant  
Class Of Warrant Or Right [Line Items]  
Schedule of Fair Value Reconciliation of Level 3 Liabilities Measured

Assumptions utilized in the valuation of the June 2017 Warrant, for the three months ended March 31, 2019, were as follows:

 

Risk-free interest rate

 

2.23%

 

Expected life

 

3.19 years

 

Expected volatility of underlying stock

 

59.47%

 

Expected dividend yield

 

 

 

 

Assumptions utilized in the valuation of the February 2019 Warrant for the three months ended March 31, 2019, were as follows:

 

Risk-free interest rate

 

2.19%

 

Expected life

 

3.86 years

 

Expected volatility of underlying stock

 

60.00%

 

Expected dividend yield