Fair Value Measurements (Tables)
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12 Months Ended |
Dec. 31, 2015 |
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| Fair Value Measurements [Abstract] |
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| Schedule of liabilities measured at fair value |
| | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | | LIABILITIES: | | | | | | | | | | | | | | Warrant liabilities | | $ | - | | | $ | - | | | $ | 273,425 | | | $ | 273,425 | | | Compound embedded derivative | | | - | | | | - | | | | 200,000 | | | | 200,000 | | | Total derivative liabilities | | $ | - | | | $ | - | | | $ | 473,425 | | | $ | 473,425 | |
| | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | | LIABILITIES: | | | | | | | | | | | | | | Warrant liability | | $ | - | | | $ | - | | | $ | 23,425 | | | $ | 23,425 | | | Total derivative liability | | $ | - | | | $ | - | | | $ | 23,425 | | | $ | 23,425 | |
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| Schedule of estimated fair value of the warrant liability |
| | | December 31, | | | December 31, | | | | | 2015 | | | 2014 | | | | | | | | | | | Stock price | | $ | 0.08 | | | $ | 0.20 | | | Weighted average strike price | | $ | 0.64 | | | $ | 2.50 | | | Remaining contractual term (years) | | | 4.12 | | | | 1.1 | | | Volatility | | | 95.0 | % | | | 125.7 | % | | Risk-free rate | | | 1.54 | % | | | 0.3 | % | | Dividend yield | | | 0.0 | % | | | 0.0 | % |
| | | December 31, | | | | | 2015 | | | | | | | | Stock price | | $ | 0.08 | | | Strike price | | $ | 0.20 | | | Remaining contractual term (years) | | | 1.12 | | | Volatility | | | 95.0 | % | | Risk-free rate | | | 0.7 | % | | Dividend yield | | | 0.0 | % |
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| Schedule of financial liabilities that are measured at fair value on a recurring basis |
| | | Years Ended | | | | | December 31, | | | | | 2015 | | | 2014 | | | Beginning balance | | $ | 23,425 | | | $ | 140,550 | | | Fair value of derivatives issued | | | 2,090,000 | | | | - | | | Change in fair value of derivative liabilities | | | (1,640,000 | ) | | | (117,125 | ) | | Ending balance | | $ | 473,425 | | | $ | 23,425 | |
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