Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.5.0.2
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2016
Fair Value Measurements [Abstract]  
Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

Fair Value Measurements at September 30, 2016



  Total  

Level 1

Level 2

Level 3

Assets:

 

 

 

 

 

 

 

 

     Certificates of Deposit

$

2,400,979 

$

 -

$

2,400,979 

$

 -

     Commercial Paper

 

5,974,060 

 

 -

 

5,974,060 

 

 -

     Corporate Bonds

 

5,044,320 

 

 -

 

5,044,320 

 

 -

Total Assets:

$

13,419,359 

$

 -

$

13,419,359 

$

 -



 

 

 

 

 

 

 

 

Liabilities: 

 

 

 

 

 

 

 

 

     Warrant Liabilities

$

3,161,591 

 

-

 

-

$

3,161,591 







 

 

 

 

 

 

 

 



Fair Value Measurements at December 31, 2015



  Total  

Level 1

Level 2

Level 3

Assets:

 

 

 

 

 

 

 

 

     Certificates of Deposit

$

6,234,996 

$

 -

$

6,234,996 

$

 -

     Commercial Paper

 

2,977,570 

 

 -

 

2,977,570 

 

 -

     Corporate Bonds

 

4,027,520 

 

 -

 

4,027,520 

 

 -

Total Assets:

$

13,240,086 

$

 -

$

13,240,086 

$

 -



 

 

 

 

 

 

 

 

Liabilities: 

 

 

 

 

 

 

 

 

     Warrant Liabilities

$

2,739,163 

 

-

 

-

$

2,739,163 



Reconciliation Of Changes In The Fair Value Of Liabilities



 

 

 



 

 

 



 

Warrant Liabilities

Balance at January 1, 2016

 

$

2,739,163 

Additions

 

 

4,364,110 

Unrealized gains, net

 

 

(3,941,682)

Transfers out of level 3

 

 

 -

Balance at September 30, 2016

 

$

3,161,591 

 





 

 

 



 

 

 



 

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