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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2015
Fair Value Measurements [Abstract]  
Assets And Liabilities Measured At Fair Value On 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, 2015:

 

 

 

 

 

 

 

 

         Cash equivalents

$

524,083 

 

524,083 

 

—  

 

—  

Total assets at fair value

$

524,083 

 

524,083 

 

—  

 

—  

Liabilities at December 31, 2015:

 

 

 

 

 

 

 

 

         Warrants issued May 10, 2012

$

143,681 

 

—  

 

—  

 

143,681 

         Warrants issued August 2013

$

650,449 

 

—  

 

—  

 

650,449 

Total liabilities at fair value:

$

794,130 

 

—  

 

—  

 

794,130 

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 Fair Value Of 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

    Issues

 

 

-

 

-

 

-

    Settlements

 

 

-

 

-

 

-

    Revaluation

 

 

(585,031)

 

(755,026)

 

(1,340,057)

Balance at end of period

 

 

$              143,681

 

$           650,449

 

$        794,130