| Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurements at March 31, 2017
|
|
|
Total
|
Level 1
|
Level 2
|
Level 3
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
Commercial Paper
|
|
2,995,420
|
|
-
|
|
2,995,420
|
|
-
|
|
Corporate Bonds
|
|
5,021,410
|
|
-
|
|
5,021,410
|
|
-
|
|
Total Assets:
|
$
|
8,016,830
|
$
|
-
|
$
|
8,016,830
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities:
|
|
|
|
|
|
|
|
|
|
Warrant Liabilities
|
$
|
16,233,831
|
$
|
-
|
$
|
-
|
$
|
16,233,831
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurements at December 31, 2016
|
|
|
Total
|
Level 1
|
Level 2
|
Level 3
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
Certificates of Deposit
|
$
|
720,197
|
$
|
-
|
$
|
720,197
|
$
|
-
|
|
Commercial Paper
|
|
3,985,740
|
|
-
|
|
3,985,740
|
|
-
|
|
Corporate Bonds
|
|
4,031,170
|
|
-
|
|
4,031,170
|
|
-
|
|
Total Assets:
|
$
|
8,737,107
|
$
|
-
|
$
|
8,737,107
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities:
|
|
|
|
|
|
|
|
|
|
Warrant Liabilities
|
$
|
1,573,366
|
$
|
-
|
$
|
-
|
$
|
1,573,366
|
|
| Reconciliation Of Changes In The Fair Value Of Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant Liabilities
|
|
Balance at January 1, 2017
|
|
$
|
1,573,366
|
|
Additions
|
|
|
-
|
|
Unrealized losses, net
|
|
|
17,689,580
|
|
Transfers out of level 3
|
|
|
(3,029,115)
|
|
Balance at March 31, 2017
|
|
$
|
16,233,831
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant Liabilities
|
|
Balance at January 1, 2016
|
|
$
|
2,739,163
|
|
Additions
|
|
|
2,575,860
|
|
Unrealized gains, net
|
|
|
(855,955)
|
|
Transfers out of level 3
|
|
|
-
|
|
Balance at March 31, 2016
|
|
$
|
4,459,068
|
|