| Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis |
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Fair Value Measurements at December 31, 2015
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Total
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Level 1
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Level 2
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Level 3
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Assets:
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Certificates of Deposit
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$
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6,234,996
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$
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-
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$
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6,234,996
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$
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-
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Commercial Paper
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2,977,570
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-
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2,977,570
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-
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Corporate Bonds
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4,027,520
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-
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4,027,520
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-
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Total Assets:
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$
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13,240,086
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$
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-
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$
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13,240,086
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$
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-
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Liabilities:
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Warrant Liabilities
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$
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2,739,163
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-
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-
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$
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2,739,163
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Fair Value Measurements at December 31, 2014
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Total
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Level 1
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Level 2
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Level 3
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Assets:
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Certificates of Deposit
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$
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18,838,271
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$
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-
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$
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18,838,271
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$
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-
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Commercial Paper
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1,997,910
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-
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1,997,910
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-
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Corporate Bonds
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2,035,870
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-
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2,035,870
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-
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Total Assets:
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$
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22,872,051
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$
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-
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$
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22,872,051
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$
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-
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Liabilities:
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Warrant Liabilities
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$
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3,768,351
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-
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-
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$
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3,768,351
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| Reconciliation Of Changes In The Fair Value Of Liabilities |
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Warrant Liabilities
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Balance at January 1, 2015
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$
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3,768,351
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Additions
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2,966,917
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Unrealized gains, net
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(3,986,727)
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Transfers out of level 3
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(9,378)
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Balance at December 31, 2015
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$
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2,739,163
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Warrant Liabilities
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Balance at January 1, 2014
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$
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5,034,058
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Additions
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3,691,429
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Unrealized losses, net
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5,180,107
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Transfers out of level 3
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(10,137,243)
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Balance at December 31, 2014
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$
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3,768,351
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