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Warrant Derivative Liabilities (Tables)
9 Months Ended
Sep. 30, 2015
MSD Warrants [Member]  
Derivative [Line Items]  
Schedule of Fair Value Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

Fair Value

  

 

 

 

 

 

 

 

  

 

Hierarchy

  

As of September 30,

 

As of December 31,

  

 

Level

  

2015

 

2014

Significant assumptions (or ranges):

 

  

 

 

 

 

 

 

 

 

Stock price

 

Level 1 input

  

$

1.39 

  

 

$

1.81 

  

Term (years)

 

 

 

 

0.08 

  

 

 

0.83 

  

Volatility

 

Level 2 input

  

 

67 

% 

 

 

67 

% 

Risk-free rate

 

Level 1 input

  

 

0.21 

% 

 

 

0.21 

% 

Dividend yield

 

Level 2 input

  

 

0.0 

% 

 

 

0.0 

% 

Scenario probability (fundamental change event/debt raise/equity raise)

 

Level 3 input

  

 

0%/100%/0

% 

 

 

0%/100%/0

% 

 

CT Energy [Member]  
Derivative [Line Items]  
Schedule of Fair Value Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

Fair Value

  

 

 

 

  

 

Hierarchy

  

As of September 30,

  

 

Level

  

2015

Significant assumptions (or ranges):

 

  

 

 

 

 

Stock price

 

Level 1 input

  

$

1.39 

  

Exercise price

 

Level 1 input

  

$

1.25 

  

Stock appreciation date price (hurdle)

 

Level 1 input

  

$

2.50 

  

Term (warrants)

 

 

 

 

2.7187 

  

Term (claim date)

 

 

 

 

0.7186 

  

Term (claim date extended)

 

 

 

 

1.2202 

  

Volatility

 

Level 2 input

  

 

95.0 

% 

Risk-free rate (warrants)

 

Level 1 input

  

 

0.90 

% 

Risk-free rate (claim date)

 

Level 1 input

  

 

0.26 

% 

Risk-free rate (claim date extended)

 

Level 1 input

  

 

0.41 

% 

Dividend yield

 

Level 2 input

  

 

0.0 

% 

Scenario probability (future draws/no future draws)

 

Level 3 input

  

 

50%/50

%