| Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis |
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Fair Value Measurements at September 30, 2017
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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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Commercial Paper
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3,228,583
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-
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3,228,583
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-
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Corporate Bonds
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11,748,763
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-
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11,748,763
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-
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Total Assets:
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$
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14,977,346
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$
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-
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$
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14,977,346
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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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6,676,091
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$
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-
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$
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-
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$
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6,676,091
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Fair Value Measurements at December 31, 2016
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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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720,197
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$
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-
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$
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720,197
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$
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-
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Commercial Paper
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3,985,740
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-
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3,985,740
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-
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Corporate Bonds
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4,031,170
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-
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4,031,170
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-
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Total Assets:
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$
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8,737,107
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$
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-
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$
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8,737,107
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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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1,573,366
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$
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-
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$
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-
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$
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1,573,366
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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, 2017
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$
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1,573,366
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Additions
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4,107,488
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Unrealized losses, net
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9,047,831
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Transfers out of level 3
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(8,052,594)
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Balance at September 30, 2017
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$
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6,676,091
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Warrant Liabilities
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Balance at January 1, 2016
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$
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2,739,163
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Additions
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4,364,110
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Unrealized gains, net
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(3,941,682)
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Transfers out of level 3
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-
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Balance at September 30, 2016
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$
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3,161,591
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