XML 41 R31.htm IDEA: XBRL DOCUMENT

DEBT (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Long-term Debt Instruments [Table Text Block]


		March 31, 2019		December 31, 2018
8.5% Notes	$	6,849,000	$	6,849,000
Unamortized debt discount		(403,538)		(1,575,094)
		6,445,462		5,273,906
Less: Current portion		(6,445,462)		(5,273,906)
Long-term portion	$	–	$	–

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

For purposes of determining the debt discount, the underlying assumptions used in the binomial lattice model to determine the fair value of the 8.5% Warrants as of April 2018, were:


Current stock price	$ 4.18
Exercise price	$ 2.35
Risk-free interest rate	2.46 %
Expected dividend yield	–
Expected term (in years)	2.0
Expected volatility	134 %
Number of iterations	5

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details