| Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurements at September 30, 2015
|
|
|
Total
|
Level 1
|
Level 2
|
Level 3
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
Certificates of Deposit
|
$
|
6,486,869
|
$
|
-
|
$
|
6,486,869
|
$
|
-
|
|
Corporate Bonds
|
|
2,519,800
|
|
-
|
|
2,519,800
|
|
-
|
|
Total Assets:
|
$
|
9,006,669
|
$
|
-
|
$
|
9,006,669
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities:
|
|
|
|
|
|
|
|
|
|
Warrant Liabilities
|
$
|
1,476,497
|
|
-
|
|
-
|
$
|
1,476,497
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurements at December 31, 2014
|
|
|
Total
|
Level 1
|
Level 2
|
Level 3
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
Certificates of Deposit
|
$
|
18,838,271
|
$
|
-
|
$
|
18,838,271
|
$
|
-
|
|
Commercial Paper
|
|
1,997,910
|
|
-
|
|
1,997,910
|
|
-
|
|
Corporate Bonds
|
|
2,035,870
|
|
-
|
|
2,035,870
|
|
-
|
|
Total Assets:
|
$
|
22,872,051
|
$
|
-
|
$
|
22,872,051
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities:
|
|
|
|
|
|
|
|
|
|
Warrant Liabilities
|
$
|
3,768,351
|
|
-
|
|
-
|
$
|
3,768,351
|
|
| Reconciliation Of Changes In The Fair Value Of Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant Liabilities
|
|
Balance at January 1, 2015
|
|
$
|
3,768,351
|
|
Additions
|
|
|
-
|
|
Unrealized gains, net
|
|
|
(2,282,476)
|
|
Transfers out of level 3
|
|
|
(9,378)
|
|
Balance at September 30, 2015
|
|
$
|
1,476,497
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant Liabilities
|
|
Balance at January 1, 2014
|
|
$
|
5,034,058
|
|
Additions
|
|
|
3,691,429
|
|
Unrealized losses, net
|
|
|
6,793,765
|
|
Transfers out of level 3
|
|
|
(10,137,243)
|
|
Balance at September 30, 2014
|
|
$
|
5,382,009
|
|