Public Offering (Details) (USD $)
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0 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | |||||||
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Sep. 18, 2013
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Oct. 31, 2013
Maximum
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Sep. 18, 2013
Warrants issued with September 2013 Public Offering
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Oct. 31, 2013
Warrants issued with September 2013 Public Offering
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Sep. 18, 2013
Warrants issued with September 2013 Public Offering
H.C. Wainwright
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Aug. 16, 2013
Warrants issued with September 2013 Public Offering
H.C. Wainwright
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Aug. 16, 2013
Warrants issued with September 2013 Public Offering
H.C. Wainwright
Maximum
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Sep. 18, 2013
Warrants issued with September 2013 Public Offering
Maxim
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Aug. 16, 2013
Warrants issued with September 2013 Public Offering
Maxim
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Aug. 16, 2013
Warrants issued with September 2013 Public Offering
Placement Agents
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Oct. 31, 2013
Warrants issued with September 2013 Public Offering
Placement Agents
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Sep. 18, 2013
Warrants issued with September 2013 Public Offering
Placement Agents
|
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Shares issued in offering | 47,792,000 | |||||||||||
Aggregate number of shares of common stock the warrants can purchase | 23,896,000 | |||||||||||
Proceeds from issuance of common stock and warrants | $ 11,950,000 | |||||||||||
Net, proceeds from issuance of common stock and warrants | 11,100,000 | |||||||||||
Number of shares of common stock entitled to be purchased as a percentage of shares issued to such investor | 50.00% | |||||||||||
Exercise price of warrants (in dollars per share) | $ 1.20 | $ 0.35 | $ 0.3125 | |||||||||
Term of warrants | 4 years | |||||||||||
Placement agent and financial advisory services fees as a percentage of the offering proceeds | 6.00% | |||||||||||
Non-accountable expense allowance as a percentage of gross proceeds of offering | 1.00% | |||||||||||
Percentage of warrants paid to placement agents | 5.00% | 1.00% | ||||||||||
Warrants issued to placement agents (in shares) | 1,911,680 | 477,920 | 2,389,600 | |||||||||
Fair value of warrants | $ 2,461,008 | $ 410,535 | ||||||||||
Dividend yield (as a percent) | 0.00% | 0.00% | ||||||||||
Volatility rate (as a percent) | 83.62% | 94.57% | ||||||||||
Risk-free interest rate (as a percent) | 1.43% | 1.43% |