XML 49 R12.htm IDEA: XBRL DOCUMENT v3.3.0.814
DEFERRED FINANCING FEES
6 Months Ended
Jun. 30, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
DEFERRED FINANCING FEES

NOTE 7-                DEFERRED FINANCING FEES

 

Deferred financing fees result from the issuance of share warrants as finders’ fees in connection with flow-through financing completed on December 23, 2013 and described in Note 3. The fair value of the warrants amounted to $25,431 and was determined using the Black-Scholes option–pricing model. The deferred financing fees are being amortized over the life of the warrants which is 2 years. Amortization of deferred financing fees for the six and three months ended June 30, 2015 and 2014 was $6,358 and $3,179, respectively. Breathe assumed this asset as part of the reverse merger.