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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Assets Measured On Recurring Basis
The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis at December 31, 2018:
 
 
 
 
Fair Value Measurements at Reporting Date Using
 
 
Total
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
 
Significant other
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Cash equivalents:
 
 
 
 
 
 
 
 
Money market funds
 
$

 
$

 
$

 
$

Total cash equivalents
 

 

 

 

Derivative liabilities:
 
 
 
 
 
 
 
 
Derivative Instruments
 
498,086

 

 

 
498,086

Total derivative liabilities
 
498,086

 

 

 
498,086

 
 
 
 
 
 
 
 
 
Total assets and liabilities measured at fair value
 
$
498,086

 
$

 
$

 
$
498,086


The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis at December 31, 2017
 
 
 
 
Fair Value Measurements at Reporting Date Using
 
 
Total
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
 
Significant other
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Cash equivalents:
 
 
 
 
 
 
 
 
Money market funds and commercial paper
 
$

 
$

 
$

 
$

Total cash equivalents
 

 

 

 

Derivative liabilities:
 
 
 
 
 
 
 
 
Derivative Instruments
 
445,838

 

 

 
445,838

Total derivative liabilities
 
445,838

 

 

 
445,838

 
 
 
 
 
 
 
 
 
Total assets and liabilities measured at fair value
 
$
445,838

 
$

 
$

 
$
445,838

Fair Value Measurements Using Significant Unobservable Inputs
The following table presents the Company’s assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of each of the years ended December 31, 2018 and 2017
 
 
Fair Value Measurements Using
Significant Unobservable Inputs
(Level 3)
 
 
December 31, 2018
 
December 31, 2017
Beginning Balance
 
$
445,838

 
$
336,862

Total loss recognized in earnings
 
52,248

 
108,976

Ending Balance
 
$
498,086

 
$
445,838