| Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis |
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Fair Value Measurements at June 30, 2016
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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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5,522,179
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$
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-
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$
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5,522,179
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$
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-
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Commercial Paper
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2,992,930
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-
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2,992,930
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-
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Corporate Bonds
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3,004,790
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-
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3,004,790
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-
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Total Assets:
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$
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11,519,899
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$
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-
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$
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11,519,899
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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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2,340,978
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-
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-
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$
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2,340,978
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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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| Reconciliation Of Changes In The Fair Value Of Liabilities |
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Warrant Liabilities
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Balance at January 1, 2016
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$
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2,739,163
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Additions
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2,575,860
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Unrealized gains, net
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(2,974,045)
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Transfers out of level 3
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-
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Balance at June 30, 2016
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$
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2,340,978
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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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-
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Unrealized gains, net
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(1,674,175)
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Transfers out of level 3
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-
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Balance at June 30, 2015
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$
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2,094,176
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