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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2015
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 March 31, 2015:

 

 

 

 

 

 

 

 

         Cash equivalents

$

2,001,545 

 

2,001,545 

 

—  

 

—  

Total assets at fair value

$

2,001,545 

 

2,001,545 

 

—  

 

—  

Liabilities at March 31, 2015:

 

 

 

 

 

 

 

 

         Warrants issued May 10, 2012

 

1,037,294 

 

—  

 

—  

 

1,037,294 

         Warrants issued August 2013

 

1,989,270 

 

 

 

 

 

1,989,270 

Total liabilities at fair value:

$

3,026,564 

 

—  

 

—  

 

3,026,564 

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 

 

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

 

 

 

 

 

 

 

 

 

Warrants issued May 2012

 

Warrants issued August 2013

 

Total Liabilities

Balance at beginning of period

 

$              728,712

 

$        1,405,475

 

$     2,134,187

    Settlements

 

-

 

-

 

-

    Revaluation

 

308,582 

 

583,795 

 

892,377 

Balance at end of period

 

$           1,037,294

 

$        1,989,270

 

$     3,026,564