• Filing Date: 2014-03-12
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.8
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2013
Equity [Abstract]  
Summary of Assumptions Used to Determine Fair Value of Warrants Issued

The fair value of the warrants issued in 2011 was estimated on the date of issuance using the following assumptions and the Black-Scholes option pricing model:

 

Expected dividend yield

     5.0

Expected volatility

     52

Risk-free interest rate

     0.23

Expected life (in years)

     1.75   

Per share grant date fair value of warrants issued

   $ 0.754