XML 56 R46.htm IDEA: XBRL DOCUMENT v3.7.0.1
Debt and Warrants - Warrants (Details) - USD ($)
1 Months Ended 3 Months Ended 12 Months Ended
Mar. 31, 2017
Dec. 31, 2016
Nov. 29, 2016
Nov. 22, 2016
Nov. 08, 2016
Nov. 30, 2016
Mar. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Mar. 31, 2016
Debt and Warrants                    
Share issue price (in dollars per share) $ 1.00 $ 0.716 $ 0.69   $ 0.91 $ 0.69 $ 1.00 $ 0.716    
Amount of shares issued                 $ 15,512,260  
Warrant Activity                    
Number of warrants issued to purchase shares of common stock (in shares) 69,869 67,655         69,869 67,655 26,785 26,785
Strike price (in dollars per share)       $ 1.00 $ 0.01          
Expected life   5 years 4 months 28 days 5 years 6 months   5 years 8 months 19 days 5 years 6 months 5 years 1 month 28 days 5 years 4 months 28 days    
Volatility (as a percent)   73.62% 71.92%   70.35% 71.92% 78.33% 73.62%    
Closing price (in dollars per share)     $ 0.69              
Risk-free interest rate (as a percent)   2.00% 1.87%   1.45% 1.87% 1.95% 2.00%    
Revaluation of warrant liability             $ 453,419 $ 43,200 $ 501,617  
Warrants outstanding at beginning of period             5,968,876 748,872 494,267  
Issuances             370,916 5,253,337 254,605  
Cancellations               (33,333)    
Warrants outstanding at end of period 6,339,792 5,968,876         6,339,792 5,968,876 748,872  
Series A warrants and placement agent warrants                    
Debt and Warrants                    
Share issue price (in dollars per share) $ 1.00 $ 0.716         $ 1.00 $ 0.716    
Warrant Activity                    
Strike price (in dollars per share) $ 0.75 $ 0.75   $ 0.75     $ 0.75 $ 0.75    
Expected life 5 years 1 month 28 days 5 years 4 months 28 days   5 years 6 months            
Volatility (as a percent) 78.33% 73.62%   71.92%            
Risk-free interest rate (as a percent) 1.95% 2.00%   1.87%            
Warrant liability $ 1,252,620 $ 799,201 $ 756,001       $ 1,252,620 $ 799,201    
Revaluation of warrant liability $ 453,419 $ 43,200                
Series A Warrants                    
Warrant Activity                    
Number of warrants issued to purchase shares of common stock (in shares)       1,666,668            
Strike price (in dollars per share)       $ 0.75            
Warrant liability     $ 756,001 $ 756,001            
Placement agent Warrants                    
Warrant Activity                    
Number of warrants issued to purchase shares of common stock (in shares)       133,333            
Series B warrants                    
Warrant Activity                    
Number of warrants issued to purchase shares of common stock (in shares)       1,666,668            
Strike price (in dollars per share)       $ 0.90            
Expected life       1 year            
Volatility (as a percent)       116.65%            
Risk-free interest rate (as a percent)       0.78%            
Series C warrants                    
Warrant Activity                    
Number of warrants issued to purchase shares of common stock (in shares)       1,666,668            
Strike price (in dollars per share)       $ 1.00            
Expected life       1 year 6 months            
Volatility (as a percent)       116.92%            
Risk-free interest rate (as a percent)       0.94%            
2016 Private Placement                    
Debt and Warrants                    
Shares issued (in shares)       1,666,668            
Share issue price (in dollars per share)       $ 0.60            
Amount of shares issued       $ 1,000,000