Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2015

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables summarize the Company's assets and liabilities measured at fair value on a recurring basis at June 30, 2015 and December 31, 2014:

June 30, 2015	Fair Value		(Level 1)		(Level 2)		(Level 3)
Common stock warrants	$	59,262	$	-	$	-	$	59,262
Total	$	59,262	$	-	$	-	$	59,262

December 31, 2014	Fair Value		(Level 1)		(Level 2)		(Level 3)
Common stock warrants	$	30,278	$	-	$	-	$	30,278
Total	$	30,278	$	-	$	-	$	30,278

Schedule Of Changes In Fair Value Derivative Liability

The fair value of the derivative liability as of June 30, 2015 was estimated using the following assumptions:

Expected volatility	60	%
Risk free rate	1.05	%
Dividend yield	0	%
Expected term (in years)	3.8226

Schedule of Changes in Fair Value of Company's Level 3 Liabilities

The following sets forth a summary of changes in fair value of the Company’s level 3 liabilities measured on a recurring basis for the six months ended June 30, 2014 and June 30, 2015:

			Series A-1
	Convertible		Preferred		Common
	Notes Payable		Stock		Stock
	Derivative Liability		Derivative Liability		Warrants
Balance at December 31, 2013	$	534,975	$	56,926	$	-
Extinguishment		(118,300)		-		-
Fair value at issuance		189,300		-		466,706
Change in fair value		(220,975)		(56,926)		(117,743)
Balance at June 30, 2014	$	385,000	$	-	$	348,963

			Series A-1
	Convertible		Preferred		Common
	Notes Payable		Stock		Stock
	Derivative Liability		Derivative Liability		Warrants
Balance at December 31, 2014	$	-	$	-	$	30,278
Fair value at issuance		-		-		41,305
Change in fair value		-		-		(12,321)
Balance at June 30, 2015	$	-	$	-	$	59,262