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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 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)

Liabilities at December 31, 2016:

 

 

 

 

 

 

 

 

          Warrants issued May 2012

$

66,081 

 

—  

 

—  

 

66,081 

          Warrants issued August 2013

 

151,695 

 

—  

 

—  

 

151,695 

          Warrants issued September 2016

 

19,569,231 

 

—  

 

—  

 

19,569,231 

Total liabilities at fair value:

$

19,787,007 

 

—  

 

—  

 

19,787,007 

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

 

Warrants issued September 2016

 

Total Liabilities

Balance at beginning of period

 

 

$              143,681

 

$          650,449

 

$                      -

 

$        794,130

     Issues

 

 

-

 

-

 

17,649,231 

 

17,649,231 

     Settlements

 

 

-

 

-

 

-

 

-

     Revaluation

 

 

(77,600)

 

(498,754)

 

1,920,000 

 

1,343,646 

Balance at end of period

 

 

$                66,081

 

$          151,695

 

$     19,569,231

 

$   19,787,007