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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2015
Fair Value Measurements [Abstract]  
Assets And Liabilities Measured 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 June 30, 2015:

 

 

 

 

 

 

 

 

         Cash equivalents

$

1,019,571 

 

1,019,571 

 

—  

 

—  

Total assets at fair value

$

1,019,571 

 

1,019,571 

 

—  

 

—  

Liabilities at June 30, 2015:

 

 

 

 

 

 

 

 

         Warrants issued May 10, 2012

 

686,275 

 

—  

 

—  

 

686,275 

         Warrants issued August 2013

 

1,341,120 

 

 

 

 

 

1,341,120 

Total liabilities at fair value:

$

2,027,395 

 

—  

 

—  

 

2,027,395 

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

 

(42,437)

 

(64,355)

 

(106,792)

Balance at end of period

 

$              686,275

 

$        1,341,120

 

$     2,027,395