Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis |
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Fair Value Measurements at June 30, 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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12,487,176
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$
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-
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$
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12,487,176
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$
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-
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Commercial Paper
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999,930
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-
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999,930
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-
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Corporate Bonds
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2,526,265
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-
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2,526,265
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-
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Total Assets:
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$
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16,013,371
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$
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-
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$
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16,013,371
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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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2,094,176
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-
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-
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$
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2,094,176
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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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(1,674,175)
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Transfers out of level 3
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-
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Balance at June 30, 2015
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$
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2,094,176
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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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7,995,159
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Transfers out of level 3
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(10,137,243)
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Balance at June 30, 2014
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$
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6,583,403
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