| Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis |
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Fair Value Measurements at December 31, 2012
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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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Restricted Cash equivalents
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$
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1,091,801
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$
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1,054,301
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$
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37,500
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$
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-
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Marketable Securities
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100,000
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100,000
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-
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-
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Total Assets:
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$
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1,191,801
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$
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1,154,301
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$
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37,500
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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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2,842,065
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-
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-
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$
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2,842,065
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Fair Value Measurements at December 31, 2011
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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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Restricted Cash equivalents
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$
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1,431,765
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$
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1,394,265
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$
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37,500
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$
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-
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Marketable Securities
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1,950,000
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1,950,000
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-
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-
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Total Assets:
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$
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3,381,765
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$
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3,344,265
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$
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37,500
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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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868,725
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-
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-
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$
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868,725
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| Reconciliation Of Changes In The Fair Value Of Liabilities |
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Warrant Liabilities
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Total Level 3 Liabilities
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Balance at January 1, 2012
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$
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868,725
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$
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868,725
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Additions
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2,637,216
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2,637,216
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Unrealized gains, net
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(663,876)
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(663,876)
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Unrealized gains on expiration
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-
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-
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Transfers out of level 3
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-
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-
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Balance at December 31, 2012
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$
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2,842,065
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$
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2,842,065
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Warrant Liabilities
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Total Level 3 Liabilities
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Balance at January 1, 2011
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$
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2,966,710
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$
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2,966,710
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Additions
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2,924,333
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2,924,333
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Unrealized gains, net
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(4,739,881)
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(4,739,881)
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Unrealized gains on expiration
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(38,569)
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(38,569)
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Transfers out of level 3
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(243,868)
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(243,868)
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Balance at December 31, 2011
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$
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868,725
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$
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868,725
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