Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v2.4.0.8
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Measurements [Abstract]  
Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at December 31, 2013

 

  Total  

Level 1

Level 2

Level 3

Assets:

 

 

 

 

 

 

 

 

    Restricted Cash Equivalents

$

196,130 

$

158,630 

$

37,500 

$

 -

    Marketable Securities

 

100,000 

 

100,000 

 

 -

 

-

Total Assets:

$

296,130 

$

258,630 

$

37,500 

$

 -

 

 

 

 

 

 

 

 

 

Liabilities: 

 

 

 

 

 

 

 

 

    Warrant Liabilities

$

5,034,058 

 

-

 

-

$

5,034,058 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at December 31, 2012

 

  Total  

Level 1

Level 2

Level 3

Assets:

 

 

 

 

 

 

 

 

    Restricted Cash Equivalents

$

1,091,801 

$

1,054,301 

$

37,500 

$

 -

    Marketable Securities

 

100,000 

 

100,000 

 

 -

 

-

Total Assets:

$

1,191,801 

$

1,154,301 

$

37,500 

$

 -

 

 

 

 

 

 

 

 

 

Liabilities: 

 

 

 

 

 

 

 

 

    Warrant Liabilities

$

2,842,065 

 

-

 

-

$

2,842,065 

 

Reconciliation Of Changes In The Fair Value Of Liabilities

 

 

 

 

 

 

 

 

 

 

Warrant Liabilities

Balance at January 1, 2013

 

$

2,842,065 

Additions

 

 

2,564,002 

Unrealized losses, net

 

 

1,365,798 

Unrealized gains on expiration

 

 

(144)

Transfers out of level 3

 

 

(1,737,663)

Balance at December 31, 2013

 

$

5,034,058 

 

 

 

 

 

 

 

 

 

 

 

 

Warrant Liabilities

Balance at January 1, 2012

 

$

868,725 

Additions

 

 

2,637,216 

Unrealized gains, net

 

 

(663,876)

Unrealized gains on expiration

 

 

 -

Transfers out of level 3

 

 

 -

Balance at December 31, 2012

 

$

2,842,065