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Derivative Instruments (Tables)
9 Months Ended
Sep. 30, 2013
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Changes in Derivative Warrant Liability

The table below presents the changes in derivative warrant liability for the nine months ended September 30:

 

     Nine Months Ended September 30,  
     2013     2012  

Balance at December 31,

   $ 14,584,818      $ 35,473,230   

Increase (decrease) in the fair value of the warrants

     18,871,329        (21,436,653

Reduction in derivative liability due to exercise and modification of warrants

     (33,456,147     (3,235,722
  

 

 

   

 

 

 

Balance at September 30,

   $ —       $ 10,800,855