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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2016
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 June 30, 2016:

 

 

 

 

 

 

 

 

          Cash equivalents

$

74,346 

 

74,346 

 

—  

 

—  

Total assets at fair value

$

74,346 

 

74,346 

 

—  

 

—  

Liabilities at June 30, 2016:

 

 

 

 

 

 

 

 

          Warrants issued May 2012

$

209,156 

 

—  

 

—  

 

209,156 

          Warrants issued August 2013

$

418,310 

 

—  

 

—  

 

418,310 

Total liabilities at fair value:

$

627,466 

 

—  

 

—  

 

627,466 

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 2012

$

143,681 

 

—  

 

—  

 

143,681 

          Warrants issued August 2013

$

650,449 

 

—  

 

—  

 

650,449 

Total liabilities at fair value:

$

794,130 

 

—  

 

—  

 

794,130 



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

 

 

$              143,681

 

$          650,449

 

$        794,130

     Issues

 

 

-

 

-

 

-

     Settlements

 

 

-

 

-

 

-

     Revaluation

 

 

65,475 

 

(232,139)

 

(166,664)

Balance at end of period

 

 

$              209,156

 

$          418,310

 

$        627,466