Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v2.4.1.9
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2014
Fair Value Measurements [Abstract]  
Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at December 31, 2014

 

  Total  

Level 1

Level 2

Level 3

Assets:

 

 

 

 

 

 

 

 

    Certificates of Deposit

 
18,838,271 

 

 -

 
18,838,271 

 

 -

    Commercial Paper

 
1,997,910 

 

 -

 
1,997,910 

 

 -

    Corporate Bonds

 
2,035,870 

 

 -

 
2,035,870 

 

 -

Total Assets:

$
22,872,051 

$

 -

$
22,872,051 

$

 -

 

 

 

 

 

 

 

 

 

Liabilities: 

 

 

 

 

 

 

 

 

    Warrant Liabilities

$
3,768,351 

 

-

 

-

$
3,768,351 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at December 31, 2013

 

  Total  

Level 1

Level 2

Level 3

Assets:

 

 

 

 

 

 

 

 

    Restricted Cash Equivalents

$
196,130 

$
158,630 

$
37,500 

$

 -

    State and Municipal Obligations

 
100,000 

 
100,000 

 

 -

 

-

Total Assets:

$
296,130 

$
258,630 

$
37,500 

$

 -

 

 

 

 

 

 

 

 

 

Liabilities: 

 

 

 

 

 

 

 

 

    Warrant Liabilities

$
5,034,058 

 

-

 

-

$
5,034,058 

 

Reconciliation Of Changes In The Fair Value Of Liabilities

 

 

 

 

 

 

 

 

 

 

Warrant Liabilities

Balance at January 1, 2014

 

$
5,034,058 

Additions

 

 
3,691,429 

Unrealized losses, net

 

 
5,180,107 

Unrealized gains on expiration

 

 

 -

Transfers out of level 3

 

 
(10,137,243)

Balance at December 31, 2014

 

$
3,768,351 

 

 

 

 

 

 

 

 

 

 

 

 

Warrant Liabilities

Balance at January 1, 2013

 

$
2,842,065 

Additions

 

 
2,564,002 

Unrealized losses, net

 

 
1,365,654 

Unrealized gains on expiration

 

 

 -

Transfers out of level 3

 

 
(1,737,663)

Balance at December 31, 2013

 

$
5,034,058