Current report filing

Note 4 - Fair Value (Tables)

v3.8.0.1
Note 4 - Fair Value (Tables)
12 Months Ended
Dec. 31, 2016
Notes Tables  
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]
Liabilities Measured at Fair Value on a Recurring Basis as of December 31, 2016
 
   
Quoted
Prices
in
Active
Markets for
Identical
Assets
and
Liabilities
   
Significant
Other
Observable
Inputs
   
Significant
Unobservable
Inputs (a)(b)
   
Balance as of
December 31,
 
Description
 
(Level 1)
   
(Level 2)
   
(Level 3)
   
2016
 
Platinum
conversion option
  $
    $
    $
153,357
    $
153,357
 
Liability related to MT warrants
   
     
     
63,000
     
63,000
 
Liabilities Measured at Fair Value on a Recurring Basis as of December 31, 2015
 
   
Quoted
Prices
in
Active
Markets
for
Identical
Assets
and
Liabilities
   
Significant
Other
Observable
Inputs
   
Significant
Unobservable
Inputs (a)(b)
   
Balance as of
December 31,
 
Description
 
(Level 1)
   
(Level 2)
   
(Level 3)
   
2015
 
Platinum
conversion option
  $
    $
    $
3,011,880
    $
3,011,880
 
Liability related to MT warrants
   
     
     
63,000
     
63,000
 
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]
   
2016
   
2015
 
Estimated volatility
   
76
%    
58
%
Expected term (in years)
   
4.75
     
5.75
 
Debt rate
   
8.125
%    
14.125
%
Beginning stock price
  $
0.64
    $
1.33