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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2015
Stockholders' Equity Note [Abstract]  
Summary of Stock Warrants

The following table summarizes information concerning outstanding and exercisable warrants as of December 31, 2015 and 2014:

 

    Warrants     Weighted
Average Price
 
January 1, 2014     -     $ -  
Granted     1,491,350       0.01  
Exercised     -       -  
Forfeited     -       -  
December 31, 2014     1,491,350       0.01  
Granted     1,461,250       0.08  
Exercised     -       -  
Forfeited     -       -  
December 31, 2015     2,952,600     $ 0.08  

Schedule of Valuation Assumptions

The Company estimated the fair value of the stock warrants on the date of grant using the Black-Scholes Option Pricing Model with the following weighted-average assumptions:

 

    December 31, 2015     December 31, 2014  
Expected life     0.83       0.50  
Expected volatility     439 %     68.32 %
Expected annual rate of dividends     0 %     0 %
Risk-free interest rate     0.19 %     0.77 %