March 31, December 2016 31, 2015 Volatility 82.0% - 95.3% - 115.0% 152.8% Risk-free Interest 0.64% - 0.65% - Rate 1.05% 1.31% Exercise Price $0.50 - $0.50 - $1.37 $1.37 Fair Value of Common Stock $0.67 $0.68 Expected Life .86 3.5 1.1 3.7 – – years years - 16 -
March 31, 2016 December 31, 2015 Volatility 82.0% - 115.0% 95.3% - 152.8% Risk-free Interest Rate 0.64% - 1.05% 0.65% - 1.31% Exercise Price $0.50 - $1.37 $0.50 - $1.37 Fair Value of Common Stock $0.67 $0.68 Expected Life .86 – 3.5 years 1.1 – 3.7 years - 16 -
5-19-16-10Q.docx