Derivative Financial Instruments (Tables) |
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Derivative Financial Instruments Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Significant assumptions used in the Black-Scholes model |
The valuation of the derivative liability is determined using a Black-Scholes Model because that model embodies all of the relevant assumptions that address the features underlying these instruments. Significant assumptions used in the Black-Scholes model at June 30, 2015 and December 31, 2014 include the following:
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