Redeemable Convertible Preferred Stock (Tables)

9 Months Ended

Sep. 30, 2015

Temporary Equity Disclosure [Abstract]

Fair Value Inputs, Liabilities, Quantitative Information [Table Text Block]

The table below shows the quantitative information about the significant unobservable inputs used in the fair value measurement of level 3 conversion feature liability:

	September 30, 2015
	(unaudited)
Expected life of the redemption in years		1.0
Risk free interest rate		0.33	%
Expected annual volatility		93.19	%
Annual rate of dividends		0	%

Schedule of Derivative Liabilities at Fair Value [Table Text Block]

The changes in the fair value of the derivative are as follows:

Balance as of January 1, 2015	$	70,786
Increase of fair value		11,001
Ending balance as of September 30, 2015 (unaudited)	$	81,787