| Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis |
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Fair Value Measurements at March 31, 2015
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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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Certificates of Deposit
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$
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15,122,441
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$
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-
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$
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15,122,441
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$
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-
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Commercial Paper
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999,280
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-
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999,280
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-
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Corporate Bonds
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2,534,100
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-
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2,534,100
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-
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Total Assets:
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$
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18,655,821
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$
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-
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$
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18,655,821
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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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3,652,936
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-
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-
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$
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3,652,936
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Fair Value Measurements at December 31, 2014
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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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Certificates of Deposit
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$
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18,838,271
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$
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-
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$
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18,838,271
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$
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-
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Commercial Paper
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1,997,910
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-
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1,997,910
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-
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Corporate Bonds
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2,035,870
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-
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2,035,870
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-
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Total Assets:
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$
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22,872,051
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$
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-
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$
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22,872,051
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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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3,768,351
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-
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-
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$
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3,768,351
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| Reconciliation Of Changes In The Fair Value Of Liabilities |
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Warrant Liabilities
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Balance at January 1, 2015
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$
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3,768,351
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Additions
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-
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Unrealized gains, net
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(115,415)
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Unrealized gains on expiration
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-
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Transfers out of level 3
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-
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Balance at March 31, 2015
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$
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3,652,936
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Warrant Liabilities
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Balance at January 1, 2014
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$
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5,034,058
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Additions
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3,691,429
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Unrealized losses, net
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11,660,524
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Unrealized gains on expiration
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-
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Transfers out of level 3
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(9,095,445)
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Balance at March 31, 2014
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$
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11,290,566
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