Convertible Bridge Financing (Details) - USD ($) |
1 Months Ended | 12 Months Ended | ||||||
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Jul. 31, 2016 |
Mar. 31, 2016 |
Feb. 29, 2016 |
Nov. 30, 2014 |
Apr. 30, 2013 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
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Convertible Bridge Financing (Textual) | ||||||||
Debt conversion price | $ 0.75 | $ 1.125 | $ 0.917 | |||||
Conversion of shares | 274,667 | 743,372 | ||||||
Additional warrants | 743,372 | |||||||
Exercise price | $ 1.50 | |||||||
Change in fair value of warrants and capital note | $ (25,936) | $ (19,278) | $ 235,382 | |||||
Dividend yield | 0.00% | 0.00% | 0.00% | |||||
Accrued interest rate of debt | 6.00% | |||||||
Warrants amount | $ 283,556 | |||||||
Redemption amount paid in capital | 90,280 | |||||||
Expected volatility | 64.20% | 75.80% | 66.80% | |||||
Expected life in years | 3 years 7 months 17 days | 5 years | ||||||
Beneficial conversion feature | $ (74,160) | |||||||
Convertible Bridge Financing [Member] | ||||||||
Convertible Bridge Financing (Textual) | ||||||||
Debt aggregate principal amount | $ 206,000 | $ 206,000 | $ 836,294 | |||||
Conversion price per share percentage | 75.00% | |||||||
Debt conversion price | $ 1.50 | $ 1.50 | $ 1.125 | $ 0.917 | ||||
Debt instrument, description | The Company granted the holders of the convertible notes warrants to purchase the most senior class of securities of the Company issued in the next equity round in a total amount equal to 7.4% of the aggregate principal amount of the Series 2 Notes. | |||||||
Warrants to purchase ordinary shares. | 41,179 | |||||||
Conversion of shares | 743,372 | |||||||
Exercise price | $ 1.50 | |||||||
Change in fair value of warrants and capital note | $ 311,837 | $ 321,434 | ||||||
Dividend yield | 0.00% | |||||||
Accrued interest rate of debt | 6.00% | |||||||
Warrants amount | $ 16,883 | |||||||
Redemption amount paid in capital | $ 218,499 | |||||||
Expected volatility | 66.80% | |||||||
Risk free rate | 1.67% | |||||||
Expected life in years | 3 years 2 months 16 days |
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- Definition Exercise price of the warrants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Additional warrants. No definition available.
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- References No definition available.
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- Definition Amount of increase in additional paid in capital (APIC) resulting from the issuance of warrants. Includes allocation of proceeds of debt securities issued with detachable stock purchase warrants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The number of shares converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The number of warrants issued in exchange for the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The rate of interest that was being paid on the original debt issue that is being converted in the noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of a favorable spread to a debt holder between the amount of debt being converted and the value of the securities received upon conversion. This is an embedded conversion feature of convertible debt issued that is in-the-money at the commitment date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Minimum percentage of common stock price to conversion price of convertible debt instruments to determine eligibility of conversion. No definition available.
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- Definition Identification of the lender and information about a contractual promise to repay a short-term or long-term obligation, which includes borrowings under lines of credit, notes payable, commercial paper, bonds payable, debentures, and other contractual obligations for payment. This may include rationale for entering into the arrangement, significant terms of the arrangement, which may include amount, repayment terms, priority, collateral required, debt covenants, borrowing capacity, call features, participation rights, conversion provisions, sinking-fund requirements, voting rights, basis for conversion if convertible and remarketing provisions. The description may be provided for individual debt instruments, rational groupings of debt instruments, or by debt in total. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The minimum risk-free interest rate assumption that is used in valuing an option on its own shares. No definition available.
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- Definition Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Value of outstanding derivative securities that permit the holder the right to purchase securities (usually equity) from the issuer at a specified price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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