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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2017
Accounting Policies [Abstract]  
Schedule of Anti-Dilutive Securities Excluded from Diluted Loss Per Share

The following table sets forth the anti-dilutive securities excluded from diluted loss per share:

 

 

 

June 30,

 

 

 

2017

 

 

2016

 

Anti-dilutive securities excluded from diluted loss per share:

 

 

 

 

 

 

 

 

Stock options

 

 

5,275,543

 

 

 

5,186,927

 

Warrants

 

 

—

 

 

 

1,676,747

 

Shares issuable upon conversion of convertible promissory

   notes including accrued interest

 

 

8,816,772

 

 

 

7,527,441

 

Total

 

 

14,092,315

 

 

 

14,391,115

 

 

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following sets forth the classes of assets and liabilities measured at fair value on a recurring basis at June 30, 2017 and December 31, 2016 using the levels defined above:

 

Available for sale securities

 

Level 1:

Quoted

Prices in Active

Markets for

Identical Assets

 

 

Level 2:

Significant

Other

Observable

Inputs

 

 

Level 3:

Significant

Unobservable

Inputs

 

 

Total

 

At June 30, 2017:

 

$

—

 

 

$

480,000

 

 

$

—

 

 

$

480,000

 

At December 31, 2016:

 

$

—

 

 

$

84,000

 

 

$

—

 

 

$

84,000