Subsequent Events (Narrative) - Subsequent Event [Member] - USD ($) |
1 Months Ended | |||
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May 02, 2017 |
Apr. 10, 2017 |
Apr. 03, 2017 |
May 05, 2017 |
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Warrants exercised | 10,000 | 204,792 | ||
Proceeds from warrants exercised | $ 22,000 | $ 532,459 | ||
Stock Issued During Period, Shares | 10,000 | 204,792 | ||
Option granted to purchase shares | 100,000 | |||
Options vesting date | April 10, 2018 | |||
Option expiry term | 5 years | |||
Exercise price | $ 5.00 | $ 2.20 | $ 2.60 | |
Stock price | $ 3.96 | |||
Volatility | 79.33% | |||
Risk free rate | 2.18% | |||
Expected trem | 6 years | |||
Fair market value | $ 258,077 | |||
Chief Financial Officer [Member] | ||||
Payment for services | $ 15,600 | |||
Payment for services description | (i) £12,500 GBP per month (approximately $15,600) from Volition Diagnostics; and (ii) a lump sum severance payment if terminated by Volition Diagnostics without cause (as per the agreement) equal to the salary that he would have received between the date of termination and the completion of a three-month notice period. | |||
Related Party [Member] | ||||
Proceeds from warrants exercised | $ 402,067 | |||
Stock Issued During Period, Shares | 154,641 | |||
Namur Invest [Member] | ||||
Unsecured loan | $ 373,856 | |||
Unsecured loan repayment term | 3 years 6 months | |||
Interest rate | 4.00% | |||
Monthly repayment of Unsecured loan | $ 9,554 |
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- Definition Exercise price of the warrants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Risk-free interest rate assumption used in valuing an instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of issuances of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The list of dates or date range within which the options may be exercised of the investment subject to option. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Net number of non-option equity instruments granted to participants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of uncollateralized debt obligations (with maturities initially due after one year or beyond the operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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