General form of registration statement for all companies including face-amount certificate companies

Derivative Liabilities (Tables)

v3.5.0.2
Derivative Liabilities (Tables)
12 Months Ended
Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of assumptions used in calculating the fair value of the warrants

Information regarding outstanding warrants at December 31, 2015 is as follows (contractual life expressed in years):

 

Exercise Price   Number Outstanding   Weighted – Average
Remaining
Contractual Life
  Intrinsic Value
$ 12.80       115,021       2.07     $ 276,051  
$ 16.40       203,865       4.98     $  
$ 21.20       122,319       4.98     $  
$ 24.00       11,474       1.15     $  
$ 30.00       64,443       1.11     $  
$ 34.40       185,800       3.98     $  
$ 37.60       68,181       1.50     $  
$ 38.80       8,589       1.50     $  
$ 40.00       34,875       1.42     $  
$ 70.00       30,831       1.51     $  
          845,398       3.43     $ 276,051  
  (1) Intrinsic value is calculated as the estimated fair value of the Company’s stock at December 31, 2015 less the warrant exercise price of in-the-money warrants.