Annual report pursuant to Section 13 and 15(d)

WARRANTS (Details 3)

v3.3.1.900
WARRANTS (Details 3)
12 Months Ended
Dec. 31, 2015
USD ($)
$ / shares
shares
Number of Warrants 18,049,075
Warrant One [Member]  
Number of Warrants 7,735,750
Expected life in years 4 years
Exercise Price | $ / shares $ 1.4
Risk free rate 0.44%
Dividend rate 0.00%
Expected volatility 51.83%
Grant date fair value | $ $ 464,784
Warrant Two [Member]  
Number of Warrants 773,575
Expected life in years 4 years
Exercise Price | $ / shares $ 0.8
Risk free rate 0.44%
Dividend rate 0.00%
Expected volatility 51.83%
Grant date fair value | $ $ 85,590
Warrant Three [Member]  
Number of Warrants 1,212,500
Expected life in years 3 years 11 months 1 day
Exercise Price | $ / shares $ 1.4
Risk free rate 0.43%
Dividend rate 0.00%
Expected volatility 52.37%
Grant date fair value | $ $ 950,913
Warrant Four [Member]  
Number of Warrants 121,250
Expected life in years 3 years 11 months 1 day
Exercise Price | $ / shares $ 0.8
Risk free rate 0.43%
Dividend rate 0.00%
Expected volatility 52.37%
Grant date fair value | $ $ 85,412
Warrant Five [Member]  
Number of Warrants 891,250
Expected life in years 3 years 10 months 28 days
Exercise Price | $ / shares $ 1.4
Risk free rate 0.41%
Dividend rate 0.00%
Expected volatility 52.45%
Grant date fair value | $ $ 696,582
Warrant Six [Member]  
Number of Warrants 89,125
Expected life in years 3 years 10 months 28 days
Exercise Price | $ / shares $ 0.8
Risk free rate 0.41%
Dividend rate 0.00%
Expected volatility 52.45%
Grant date fair value | $ $ 62,708
Warrant Seven [Member]  
Number of Warrants 3,115,000
Expected life in years 3 years 10 months 6 days
Exercise Price | $ / shares $ 1.4
Risk free rate 0.68%
Dividend rate 0.00%
Expected volatility 51.54%
Grant date fair value | $ $ 2,371,956
Warrant Eight [Member]  
Number of Warrants 311,500
Expected life in years 3 years 10 months 6 days
Exercise Price | $ / shares $ 0.8
Risk free rate 0.68%
Dividend rate 0.00%
Expected volatility 51.54%
Grant date fair value | $ $ 216,766
Warrant Nine [Member]  
Number of Warrants 1,418,750
Expected life in years 3 years 9 months 4 days
Exercise Price | $ / shares $ 1.4
Risk free rate 0.46%
Dividend rate 0.00%
Expected volatility 51.74%
Grant date fair value | $ $ 933,065
Warrant Ten [Member]  
Number of Warrants 141,875
Expected life in years 3 years 9 months 4 days
Exercise Price | $ / shares $ 0.8
Risk free rate 0.46%
Dividend rate 0.00%
Expected volatility 51.74%
Grant date fair value | $ $ 92,108
Warrant Eleven [Member]  
Number of Warrants 2,035,000
Expected life in years 3 years 7 months 28 days
Exercise Price | $ / shares $ 1.4
Risk free rate 0.37%
Dividend rate 0.00%
Expected volatility 52.94%
Grant date fair value | $ $ 1,356,512
Warrant Twelve [Member]  
Number of Warrants 203,500
Expected life in years 3 years 7 months 28 days
Exercise Price | $ / shares $ 0.8
Risk free rate 0.37%
Dividend rate 0.00%
Expected volatility 52.94%
Grant date fair value | $ $ 134,457
Warrant Thirteen [Member]  
Number of Warrants 16,408,250
Expected life in years 3 years 1 month 28 days
Exercise Price | $ / shares $ 1.4
Risk free rate 0.65%
Dividend rate 0.00%
Expected volatility 53.58%
Grant date fair value | $ $ 5,315,536
Warrant Fourteen [Member]  
Number of Warrants 1,640,825
Expected life in years 3 years 1 month 28 days
Exercise Price | $ / shares $ 0.8
Risk free rate 0.65%
Dividend rate 0.00%
Expected volatility 53.58%
Grant date fair value | $ $ 752,333