Quarterly report pursuant to Section 13 or 15(d)

Note and Securities Purchase Agreement, Senior Secured Note , and Series S Warrants (Tables)

v3.8.0.1
Note and Securities Purchase Agreement, Senior Secured Note , and Series S Warrants (Tables)
9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Fair Value of Series S Warrants

The Series S Warrants issue-date fair value of $10.0 million was estimated using a Black-Scholes valuation model using the following assumptions:

 

    Issue  
Series S Warrants   Date  
Exercise price per share   $ 0.01  
Value of common stock   $ 4.50  
Expected term (years)     15.0  
Volatility     48 %
Risk free rate     2.4 %
Dividend yield     0 %