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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2014
Fair Value Measurements [Abstract]  
Assets And Liabilities Measure At Fair Value On A Recurring Basis By Level

 

 

 

 

 

 

 

 

 

 

Fair Value Measurement Using

 

Total

 

Quoted Prices in
Active Markets
for Identical
Instruments
(Level 1)

 

Significant
Other
Observable
Inputs
(Level 2)

 

Significant
Unobservable
Inputs
(Level 3)

Assets at December 31, 2014:

 

 

 

 

 

 

 

 

         Cash equivalents

$

5,361,053 

 

5,361,053 

 

—  

 

—  

Total assets at fair value

$

5,361,053 

 

5,361,053 

 

—  

 

—  

Liabilities at December 31, 2014:

 

 

 

 

 

 

 

 

         Warrants issued May 10, 2012

$

728,712 

 

—  

 

—  

 

728,712 

         Warrants issued August 2013

 

1,405,475 

 

 

 

 

 

1,405,475 

Total liabilities at fair value:

$

2,134,187 

 

—  

 

—  

 

2,134,187 

Assets at December 31, 2013:

 

 

 

 

 

 

 

 

         Cash equivalents

$

11,995,481 

 

11,995,481 

 

—  

 

—  

Total assets at fair value

$

11,995,481 

 

11,995,481 

 

—  

 

—  

Liabilities at December 31, 2013:

 

 

 

 

 

 

 

 

         Warrants issued December 29, 2008

$

16,863 

 

—  

 

—  

 

16,863 

         Warrants issued May 10, 2012

 

1,915,753 

 

—  

 

—  

 

1,915,753 

         Warrants issued August 2013

 

3,712,010 

 

 

 

 

 

3,712,010 

Total liabilities at fair value:

$

5,644,626 

 

—  

 

—  

 

5,644,626 

 

Summary Of Changes In The Fair Value Of The Company's Level 3 Financial Asset And Liabilities

 

 

 

 

 

 

 

 

 

 

 

Warrants issued December 29, 2008

 

Warrants issued May 2012

 

Warrants issued August 2013

 

Total Liabilities

Balance at beginning of period

 

$                16,863

 

$           1,915,753

 

$        3,712,010

 

$     5,644,626

    Issues

 

-

 

-

 

-

 

-

    Settlements

 

-

 

-

 

-

 

-

    Revaluation

 

(16,863)

 

(1,187,041)

 

(2,306,535)

 

(3,510,439)

Balance at end of period

 

$                          -

 

$              728,712

 

$        1,405,475

 

$     2,134,187