The following tables summarize the components of derivative liabilities:
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December 31, 2015 |
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December 31, 2014 |
Fair value of derivative liability (3) |
$ |
100,000 |
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$ |
6,241,000 |
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Significant assumptions (or ranges): |
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Trading market values (1) |
$ |
3.55 |
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$ |
4.85 |
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Term (years) (2) |
58 days |
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1 year, 58 days |
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Expected volatility (2) |
67.0 |
% |
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26.8 |
% |
Risk-free rate (2) |
0.05 |
% |
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0.32 |
% |
Discount rate (3) |
0.91 |
% |
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1.18 |
% |
Effective Exercise price (2) |
$ |
5.00 |
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$ |
5.00 |
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Trigger price (2) |
$ |
6.25 |
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$ |
6.25 |
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Expected months until effective registration (3) |
0 |
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0 |
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Fair value hierarchy:
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(1) |
Level 1 inputs are quoted prices in active markets for identical assets and liabilities, or derived therefrom. |
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(2) |
Level 2 inputs are inputs other than quoted prices that are observable. |
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(3) |
Level 3 inputs are unobservable inputs. Inputs for which any parts are level 3 inputs are classified as level 3 in their entirety. |
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