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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2019
Fair Value Measurements  
Summary of information about the derivative, conversion option and warrant liabilities that were measured at fair value on a recurring basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2019

 

(unaudited)

 

    

Level 1

    

Level 2

    

Level 3

    

Total

Warrant liability

 

$

 —

 

$

 —

 

$

1,275,443

 

$

1,275,443

Total fair value

 

$

 —

 

$

 —

 

$

1,275,443

 

$

1,275,443

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

    

Level 1

    

Level 2

    

Level 3

    

Total

Warrant liability

 

$

 —

 

$

 —

 

$

220,376

 

$

220,376

Total fair value

 

$

 —

 

$

 —

 

$

220,376

 

$

220,376

 

Summary of change in the estimated fair value of level 3 liabilities

 

 

 

 

 

 

Three Months Ended

 

 

March 31, 2019

 

 

Warrant

 

    

Liability

 

 

 

(unaudited)

Beginning fair value of Level 3 liability

  

$

220,376

Additions

 

 

1,009,010

Extinguishment

 

 

 —

Change in fair value

  

 

46,057

Ending fair value of Level 3 liability

  

$

1,275,443