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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2015
Fair Value Measurements  
Summary of information about the liability that is measured at fair value on a recurring basis

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

As of December 31, 2014

 

 

 

 

 

 

 

 

 

Warrant liability

 

$

 

$

 

$

601,889 

 

$

601,889 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of June 30, 2015

 

 

 

 

 

 

 

 

 

Warrant liability

 

$

 

$

 

$

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of change in the estimated fair value of the warrant liability

 

 

Beginning
Value of
Level 3
Liability

 

Issuance of
Common
Warrants

 

Change in
Fair Value
of Level 3
Liability

 

Conversion
into
Additional
Paid-in
Capital

 

Ending
Fair Value of
Level 3
Liability

 

For the six months ended June 30, 2015

 

$

601,889

 

$

47,479

 

$

501,617

 

(1,150,985

)

$