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Convertible Debentures (Tables)
12 Months Ended
Dec. 31, 2015
Convertible Debentures  
Fair Value Measurements Recurring and Nonrecurring Valuation Techniques

The following key assumptions are used:

 

    For the year ended  
    December 31, 2014  
Number of shares underlying warrants     327,273  
Exercise price   $ 1.00  
Volatility     20.11% -20.47 %
Risk-free interest rate     1.38% - 1.65  %
Expected dividend yield     0 %
Expected warrant life (years)     3.5 - 4  

Fair Value Liabilities Measured on Recurring Basis Unobservable Input Reconciliation

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

 

Warrant liabiltiy        
Balance as of December 31,2013   $ 15,320  
Initial measurement of additional warrants     21,011  
Increase in fair value of warrants     27,281  
Balance as of December 31, 2014   $ 63,612  
         
Decrease for value of Warrant     31,726  
Balance as of December 31, 2015   $ 31,886